Via Transportation Inc. (NYSE:VIA) Receives $37.10 Average PT from Analysts

Via Transportation Inc. (NYSE:VIA) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $37.10.

A number of research analysts recently issued reports on the company. Raymond James Financial set a $19.00 price objective on Via Transportation in a report on Tuesday, May 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $24.00 price target on shares of Via Transportation in a research report on Wednesday, May 13th. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price target on shares of Via Transportation in a research note on Monday, June 1st. Morgan Stanley reiterated an “overweight” rating and issued a $24.00 price objective on shares of Via Transportation in a report on Tuesday, May 12th. Finally, Guggenheim reissued a “buy” rating and issued a $50.00 price objective on shares of Via Transportation in a research report on Wednesday.

Insider Activity

In related news, CEO Daniel Ramot bought 3,571 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $14.00 per share, with a total value of $49,994.00. Following the completion of the transaction, the chief executive officer owned 2,420,957 shares in the company, valued at $33,893,398. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $14.70 per share, for a total transaction of $367,500.00. Following the acquisition, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. This represents a 460.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 31,904 shares of company stock worth $467,289 over the last three months. Insiders own 39.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of Via Transportation in the third quarter valued at $29,000. Assetmark Inc. acquired a new stake in Via Transportation in the third quarter valued at $36,000. PNC Financial Services Group Inc. grew its position in shares of Via Transportation by 75.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 944 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Via Transportation in the 4th quarter valued at about $34,000. Finally, Squarepoint Ops LLC increased its stake in shares of Via Transportation by 9.0% during the 4th quarter. Squarepoint Ops LLC now owns 16,343 shares of the company’s stock worth $474,000 after purchasing an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Up 3.1%

VIA stock opened at $15.28 on Friday. The stock has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $20.18. Via Transportation has a 1 year low of $12.95 and a 1 year high of $56.31. The stock has a market cap of $1.24 billion and a PE ratio of -16.43.

Key Headlines Impacting Via Transportation

Here are the key news stories impacting Via Transportation this week:

• Positive Sentiment: CEO Daniel Ramot bought additional VIA shares through a pre-arranged trading plan, adding to earlier insider purchases. That kind of buying can signal confidence from management. Article Title
• Positive Sentiment: Another insider-buying update highlighted CEO purchases of 3,333 shares, reinforcing the recent pattern of insider confidence in Via Transportation’s outlook. Article Title
• Neutral Sentiment: A separate market story noted that hedge funds and large institutions continue to own a sizable portion of the company, but this appears to be background information rather than a new catalyst. Article Title
• Negative Sentiment: Several law firms, including Rosen, Kahn Swick & Foti, Pomerantz, Berger Montague, and others, reminded investors about the August 10 lead-plaintiff deadline in the class action tied to Via’s IPO. The repeated litigation notices increase legal overhang and may keep investors cautious. Article Title

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.