Inspire Investing LLC Takes Position in Via Transportation Inc. $VIA

Inspire Investing LLC purchased a new position in shares of Via Transportation Inc. (NYSE:VIA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,898 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIA. Bank of America Corp DE bought a new position in Via Transportation during the 3rd quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Via Transportation during the fourth quarter valued at $34,000. PNC Financial Services Group Inc. acquired a new position in shares of Via Transportation during the third quarter valued at $60,000. Strs Ohio bought a new position in shares of Via Transportation during the fourth quarter worth about $52,000. Finally, Assetmark Inc. increased its holdings in shares of Via Transportation by 156.3% in the 4th quarter. Assetmark Inc. now owns 1,922 shares of the company’s stock worth $56,000 after acquiring an additional 1,172 shares during the period. Institutional investors and hedge funds own 74.40% of the company’s stock.

Insider Buying and Selling

In related news, CEO Daniel Ramot purchased 3,571 shares of Via Transportation stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $14.00 per share, with a total value of $49,994.00. Following the purchase, the chief executive officer owned 2,420,957 shares in the company, valued at approximately $33,893,398. The trade was a 0.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, 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 the firm’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $14.70 per share, with a total value of $367,500.00. Following the completion of the acquisition, the director directly owned 30,434 shares of the company’s stock, valued at approximately $447,379.80. This represents a 460.07% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 31,904 shares of company stock valued at $467,289. Company insiders own 39.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIA. Raymond James Financial set a $19.00 price objective 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. Oppenheimer reaffirmed an “outperform” rating and set a $25.00 price target on shares of Via Transportation in a report on Monday, June 1st. Weiss Ratings upgraded Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company lowered their target price on Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Twelve 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.10.

Via Transportation Stock Up 1.9%

VIA stock opened at $19.32 on Friday. The company has a 50-day simple moving average of $15.58 and a 200 day simple moving average of $19.09. The company has a market capitalization of $1.57 billion and a P/E ratio of -20.78. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $56.31.

Via Transportation 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.