Via Transportation Inc. $VIA Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its stake in shares of Via Transportation Inc. (NYSE:VIA) by 43.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 335,591 shares of the company’s stock after buying an additional 101,380 shares during the period. Stephens Investment Management Group LLC owned about 0.41% of Via Transportation worth $5,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE purchased a new position in Via Transportation during the third quarter valued at approximately $29,000. PNC Financial Services Group Inc. grew its holdings in Via Transportation by 75.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after purchasing an additional 944 shares during the period. Assetmark Inc. increased its position in shares of Via Transportation by 156.3% in the fourth quarter. Assetmark Inc. now owns 1,922 shares of the company’s stock valued at $56,000 after buying an additional 1,172 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Via Transportation in the fourth quarter valued at approximately $34,000. Finally, Squarepoint Ops LLC raised 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 buying an additional 1,343 shares during the period. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Stock Up 0.1%

Shares of NYSE VIA opened at $19.32 on Monday. The firm has a 50-day simple moving average of $15.61 and a 200-day simple moving average of $19.02. The stock has a market capitalization of $1.57 billion and a price-to-earnings ratio of -20.78. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31.

Insider Transactions at Via Transportation

In related news, CEO Daniel Ramot purchased 3,571 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $14.00 per share, with a total value of $49,994.00. Following the completion of the acquisition, the chief executive officer owned 2,420,957 shares in the company, valued at $33,893,398. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres acquired 25,000 shares of Via Transportation 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 transaction, the director owned 30,434 shares of the company’s stock, valued at $447,379.80. This represents a 460.07% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 31,904 shares of company stock valued at $467,289. 39.28% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a research note on Tuesday, May 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a research note on Wednesday, May 13th. Finally, Guggenheim reiterated a “buy” rating and issued a $50.00 price objective on shares of Via Transportation in a report on Wednesday, June 17th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.10.

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.