Daniel Ramot Acquires 3,333 Shares of Via Transportation (NYSE:VIA) Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot bought 3,333 shares of the company’s stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of $14.94 per share, for a total transaction of $49,795.02. Following the completion of the acquisition, the chief executive officer directly owned 2,417,386 shares of the company’s stock, valued at $36,115,746.84. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Ramot also recently made the following trade(s):

• On Tuesday, June 16th, Daniel Ramot purchased 3,571 shares of Via Transportation stock. The stock was acquired at an average price of $14.00 per share, for a total transaction of $49,994.00.

Via Transportation Price Performance

Shares of NYSE:VIA traded down $0.76 during trading on Tuesday, reaching $14.22. 1,052,823 shares of the company’s stock traded hands, compared to its average volume of 721,946. Via Transportation Inc. has a 12 month low of $12.95 and a 12 month high of $56.31. The company has a 50 day moving average of $15.53 and a 200-day moving average of $20.45. The stock has a market capitalization of $1.16 billion and a P/E ratio of -15.29.

Institutional Investors Weigh In On Via Transportation

A number of hedge funds have recently added to or reduced their stakes in VIA. Wellington Management Group LLP bought a new stake in Via Transportation in the third quarter valued at $93,662,000. Koch Inc. bought a new stake in shares of Via Transportation during the third quarter valued at about $81,747,000. Capital Research Global Investors raised its stake in shares of Via Transportation by 153.9% during the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after purchasing an additional 1,297,114 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of Via Transportation during the third quarter valued at about $39,965,000. Finally, Capital World Investors bought a new stake in shares of Via Transportation during the third quarter valued at about $26,444,000. 74.40% of the stock is currently owned by institutional investors.

Key Headlines Impacting Via Transportation

Here are the key news stories impacting Via Transportation this week:

• Neutral Sentiment: Via Transportation inked a 55,000-square-foot lease at 2 Park Avenue, a sign of continued operational growth, but the news is not material enough to outweigh the legal overhang. Tech Firm Via Transportation Inks 55K SF at Haddad Brands’ 2 Park Avenue
• Negative Sentiment: Several firms announced or reiterated a class action lawsuit tied to Via’s IPO, increasing investor concern about alleged misstatements in offering documents. Investor Alert: Pomerantz Law Firm Reminds Investors…
• Negative Sentiment: Law-firm notices highlighted a deadline for investors to seek lead-plaintiff status in the securities case, keeping the litigation in focus and reinforcing the stock’s legal overhang. Via Transportation, Inc. Securities Class Action Result…
• Negative Sentiment: Additional class-action reminders from Rosen, Glancy, Schall, Robbins Geller, The Gross Law Firm, and others suggest broad legal scrutiny of Via’s IPO disclosures. ROSEN…Encourages Via Transportation, Inc. Investors…

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $24.00 price objective on shares of Via Transportation in a research report on Tuesday, May 12th. Oppenheimer reiterated an “outperform” rating and issued a $25.00 target price on shares of Via Transportation in a research note on Monday, June 1st. Wells Fargo & Company cut their target price on Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a research note on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.10.

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.