Via Transportation (NYSE:VIA) Trading 8.4% Higher – Still a Buy?

Via Transportation Inc. (NYSE:VIA)’s share price shot up 8.4% during trading on Tuesday . The company traded as high as $25.00 and last traded at $24.8150. 177,109 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 510,995 shares. The stock had previously closed at $22.90.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VIA. Zacks Research upgraded Via Transportation to a “hold” rating in a research report on Wednesday, October 8th. Citigroup assumed coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set an “outperform” rating for the company. Citizens Jmp began coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They issued a “mkt outperform” rating and a $59.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Via Transportation to a “hold” rating in a research note on Wednesday, September 24th. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.

Via Transportation Stock Up 7.9%

The firm’s 50-day moving average price is $32.17. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17. The firm has a market cap of $2.00 billion and a price-to-earnings ratio of -35.80.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The company had revenue of $109.65 million for the quarter, compared to the consensus estimate of $106.42 million.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors have recently bought and sold shares of VIA. Stephens Investment Management Group LLC purchased a new stake in shares of Via Transportation in the 3rd quarter valued at approximately $4,787,000. Federated Hermes Inc. purchased a new position in Via Transportation in the third quarter worth approximately $9,616,000. Principal Financial Group Inc. purchased a new position in shares of Via Transportation during the 3rd quarter worth $14,394,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Via Transportation during the 3rd quarter worth about $240,000. Finally, Assetmark Inc. purchased a new stake in Via Transportation in the 3rd quarter valued at about $36,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

About Via Transportation

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.