Needham & Company LLC Reaffirms Buy Rating for Via Transportation (NYSE:VIA)

Via Transportation (NYSE:VIA)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports. They currently have a $55.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 204.71% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer decreased their target price on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Via Transportation in a research report on Monday. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Down 0.6%

Shares of NYSE:VIA opened at $18.05 on Monday. The stock has a market capitalization of $1.46 billion and a P/E ratio of -26.16. The firm has a fifty day simple moving average of $22.96. Via Transportation has a 52 week low of $15.48 and a 52 week high of $56.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98.

Via Transportation (NYSE:VIA) last issued its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Trading of Via Transportation

A number of institutional investors have recently added to or reduced their stakes in VIA. Bank of America Corp DE purchased a new position in Via Transportation in the third quarter valued at about $29,000. Assetmark Inc. purchased a new stake in shares of Via Transportation in the third quarter worth about $36,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation in the fourth quarter valued at about $34,000. PNC Financial Services Group Inc. purchased a new stake in shares of Via Transportation during the 3rd quarter valued at about $60,000. Finally, Strs Ohio acquired a new position in Via Transportation during the 4th quarter worth approximately $52,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

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.