Via Transportation Inc. (NYSE:VIA) Given Average Rating of “Moderate Buy” by Brokerages

Via Transportation Inc. (NYSE:VIAGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $37.10.

A number of research firms have commented on VIA. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a research report on Monday, March 2nd. Raymond James Financial set a $19.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Via Transportation in a research report on Tuesday, May 12th.

View Our Latest Analysis on Via Transportation

Via Transportation Stock Up 2.0%

Shares of VIA opened at $15.06 on Friday. The company has a market capitalization of $1.22 billion and a P/E ratio of -16.19. The firm has a 50 day moving average of $15.58 and a 200 day moving average of $20.85. Via Transportation has a twelve month low of $12.95 and a twelve month high of $56.31.

Insider Buying and Selling

In related news, Director Nechemia Jacob Peres bought 25,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of $14.70 per share, with a total value of $367,500.00. Following the transaction, the director owned 30,434 shares in the company, valued at approximately $447,379.80. This trade represents a 460.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 39.28% of the company’s stock.

Institutional Investors Weigh In On Via Transportation

A number of large investors have recently added to or reduced their stakes in VIA. Wellington Management Group LLP bought a new stake in Via Transportation in the 3rd quarter worth approximately $93,662,000. Koch Inc. purchased a new position in shares of Via Transportation during the 3rd quarter worth $81,747,000. Capital Research Global Investors boosted its stake in shares of Via Transportation by 153.9% during the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after acquiring an additional 1,297,114 shares during the last quarter. Vanguard Group Inc. purchased a new position in shares of Via Transportation during the 3rd quarter worth $39,965,000. Finally, Capital World Investors purchased a new position in shares of Via Transportation during the 3rd quarter worth $26,444,000. Institutional investors own 74.40% of the company’s stock.

More Via Transportation News

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Via Transportation Company Profile

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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.

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Analyst Recommendations for Via Transportation (NYSE:VIA)

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