Via Transportation Inc.’s Lock-Up Period Will End on March 11th (NYSE:VIA)

Via Transportation’s (NYSE:VIA) lock-up period is set to expire on Wednesday, March 11th. Via Transportation had issued 10,714,285 shares in its public offering on September 12th. The total size of the offering was $492,857,110 based on an initial share price of $46.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley cut their price objective on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Oppenheimer cut their target price on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Noble Financial downgraded Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Finally, Guggenheim dropped their price target on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Performance

VIA stock opened at $19.20 on Friday. The company has a market cap of $1.56 billion and a price-to-earnings ratio of -27.83. The firm’s fifty day simple moving average is $22.50. Via Transportation has a 52 week low of $15.48 and a 52 week high of $56.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Trading of Via Transportation

A number of institutional investors have recently made changes to their positions in VIA. Bank of America Corp DE purchased a new position in shares of Via Transportation in the third quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Via Transportation in the 4th quarter worth $34,000. Assetmark Inc. purchased a new position in shares of Via Transportation in the third quarter valued at about $36,000. Strs Ohio bought a new position in shares of Via Transportation during the fourth quarter valued at about $52,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Via Transportation during the third quarter worth about $60,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

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.