Via Transportation (NYSE:VIA) Stock Price Up 7.1% – What’s Next?

Via Transportation Inc. (NYSE:VIA)’s share price rose 7.1% during trading on Tuesday . The company traded as high as $24.98 and last traded at $24.9680. 462,975 shares were traded during mid-day trading, a decline of 43% from the average session volume of 817,145 shares. The stock had previously closed at $23.31.

Analyst Ratings Changes

Several analysts have issued reports on VIA shares. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Via Transportation in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a research report on Wednesday, May 13th. Weiss Ratings upgraded Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Oppenheimer upped their price target on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Via Transportation Trading Up 7.1%

The company has a market cap of $2.03 billion and a PE ratio of -26.76. The business’s 50-day simple moving average is $17.74 and its 200-day simple moving average is $17.40.

Insiders Place Their Bets

In related news, Director Nechemia Jacob Peres purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of $14.70 per share, with a total value of $367,500.00. Following the completion of the purchase, the director owned 30,434 shares of the company’s stock, valued at $447,379.80. The trade was a 460.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Ramot acquired 3,571 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at $33,893,398. This represents a 0.15% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders bought 31,904 shares of company stock worth $467,289 over the last ninety days. 39.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Via Transportation

A number of hedge funds and other institutional investors have recently made changes to their positions in VIA. Vanguard Group Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter valued at about $39,965,000. First Trust Advisors LP bought a new position in Via Transportation during the third quarter valued at approximately $1,047,000. Blair William & Co. IL bought a new position in Via Transportation during the third quarter valued at approximately $764,000. WINTON GROUP Ltd acquired a new stake in Via Transportation in the third quarter valued at approximately $219,000. Finally, Legal & General Group Plc bought a new stake in Via Transportation in the third quarter worth approximately $239,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

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.