Via Transportation (NYSE:VIA) Hits New 12-Month Low – What’s Next?

Via Transportation Inc. (NYSE:VIA) reached a new 52-week low during trading on Saturday . The company traded as low as $27.16 and last traded at $27.2730, with a volume of 578907 shares trading hands. The stock had previously closed at $29.01.

Wall Street Analyst Weigh In

VIA has been the topic of a number of recent analyst reports. Noble Financial lowered Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Zacks Research raised shares of Via Transportation to a “hold” rating in a research note on Wednesday, October 8th. Oppenheimer set a $59.00 target price on shares of Via Transportation and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price target on shares of Via Transportation and gave the company a “buy” rating in a research report on Tuesday, October 7th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.

Via Transportation Stock Down 6.0%

The company has a market capitalization of $2.21 billion and a price-to-earnings ratio of -39.53. The stock has a 50 day simple moving average of $38.00.

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

Institutional Investors Weigh In On Via Transportation

A number of hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC bought a new stake in shares of Via Transportation during the third quarter valued at approximately $4,787,000. Federated Hermes Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at $9,616,000. Principal Financial Group Inc. acquired a new stake in Via Transportation in the 3rd quarter valued at $14,394,000. Compagnie Lombard Odier SCmA bought a new stake in Via Transportation during the 3rd quarter valued at $240,000. Finally, Assetmark Inc. bought a new position in shares of Via Transportation in the third quarter valued at $36,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Company Profile

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.