Via Transportation Inc. (NYSE:VIA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Via Transportation Inc. (NYSE:VIA) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $54.9091.

A number of research firms recently weighed in on VIA. Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group raised Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Needham & Company LLC reissued a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th.

Via Transportation Stock Performance

Shares of NYSE VIA opened at $17.92 on Monday. The stock has a market capitalization of $1.45 billion and a P/E ratio of -25.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17. The business’s fifty day moving average price is $26.47. Via Transportation has a 1 year low of $17.45 and a 1 year high of $56.31.

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

Institutional Investors Weigh In On Via Transportation

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in Via Transportation in the 3rd quarter valued at $14,394,000. Stephens Investment Management Group LLC purchased a new stake in shares of Via Transportation in the 3rd quarter valued at approximately $4,787,000. Federated Hermes Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter worth approximately $9,616,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $240,000. Finally, Capital International Investors acquired a new position in Via Transportation in the third quarter valued at approximately $26,444,000. 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. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.