Via Transportation Inc.’s (NYSE:VIA) Lock-Up Period Will Expire on March 11th

Via Transportation’s (NYSE:VIA) lock-up period will expire on Wednesday, March 11th. Via Transportation had issued 10,714,285 shares in its initial public offering on September 12th. The total size of the offering was $492,857,110 based on an initial share price of $46.00. After the end of Via Transportation’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

VIA has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Noble Financial downgraded Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Guggenheim decreased their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a research report on Monday. Finally, Oppenheimer decreased their price objective on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.00.

Via Transportation Stock Down 0.6%

VIA opened at $18.05 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.98 and a quick ratio of 5.17. The firm has a 50 day simple moving average of $22.96. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of -26.16. Via Transportation has a 12-month low of $15.48 and a 12-month high of $56.31.

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

Hedge Funds Weigh In On Via Transportation

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIA. Koch Inc. acquired a new position in shares of Via Transportation in the 3rd quarter valued at $81,747,000. Principal Financial Group Inc. bought a new stake in Via Transportation in the third quarter valued at about $14,394,000. Stephens Investment Management Group LLC acquired a new position in Via Transportation in the third quarter worth about $4,787,000. Federated Hermes Inc. bought a new position in Via Transportation during the third quarter worth about $9,616,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Via Transportation in the 3rd quarter valued at approximately $3,366,000. 74.40% of the stock is currently owned by 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.