Via Transportation (NYSE:VIA) Sets New 52-Week Low – Time to Sell?

Via Transportation Inc. (NYSE:VIA)’s stock price reached a new 52-week low on Monday . The stock traded as low as $15.80 and last traded at $16.1610, with a volume of 1029852 shares trading hands. The stock had previously closed at $16.10.

Analysts Set New Price Targets

VIA has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. The Goldman Sachs Group upgraded Via Transportation from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 13th. Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Finally, Morgan Stanley upgraded Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 20th. 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. According to data from MarketBeat.com, Via Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Via Transportation Trading Up 0.9%

The business’s fifty day simple moving average is $24.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The stock has a market cap of $1.29 billion and a P/E ratio of -23.08.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its stake in Via Transportation by 153.9% during the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after acquiring an additional 1,297,114 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Via Transportation during the 3rd quarter worth approximately $93,662,000. Koch Inc. purchased a new stake in shares of Via Transportation in the third quarter valued at approximately $81,747,000. Vanguard Group Inc. acquired a new stake in shares of Via Transportation in the third quarter valued at approximately $39,965,000. Finally, ArrowMark Colorado Holdings LLC lifted its position in Via Transportation by 41.2% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 599,909 shares of the company’s stock worth $17,403,000 after buying an additional 174,909 shares in the last quarter. 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.