Via Transportation (NYSE:VIA) Sets New 1-Year Low – What’s Next?

Via Transportation Inc. (NYSE:VIA) shares reached a new 52-week low during trading on Monday . The stock traded as low as $29.61 and last traded at $30.11, with a volume of 31247 shares changing hands. The stock had previously closed at $29.80.

Analysts Set New Price Targets

Several research firms have issued reports on VIA. Needham & Company LLC reaffirmed a “buy” rating on shares of Via Transportation in a report on Friday, November 14th. Citigroup began coverage on Via Transportation in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Via Transportation to a “hold” rating in a research note on Wednesday, September 24th. JMP Securities initiated coverage on shares of Via Transportation in a report on Tuesday, October 7th. They set a “market outperform” rating and a $59.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Via Transportation in a research note on Tuesday, October 7th. They issued a “neutral” rating and a $50.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.64.

Via Transportation Price Performance

The business has a fifty day moving average price of $43.21.

Via Transportation (NYSE:VIA) last posted its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The company had revenue of $109.65 million during the quarter, compared to analyst estimates of $106.42 million.

Institutional Trading of Via Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in Via Transportation in the 3rd quarter valued at about $29,000. Assetmark Inc. acquired a new stake in Via Transportation during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. bought a new stake in Via Transportation in the 3rd quarter valued at $60,000. WINTON GROUP Ltd acquired a new position in Via Transportation in the 3rd quarter valued at $219,000. Finally, Legal & General Group Plc bought a new position in Via Transportation during the 3rd quarter worth $239,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

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.