Via Transportation Inc. $VIA Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in shares of Via Transportation Inc. (NYSE:VIA) by 43.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,591 shares of the company’s stock after buying an additional 101,380 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Via Transportation were worth $5,034,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Via Transportation in the third quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Via Transportation in the fourth quarter valued at $34,000. Strs Ohio acquired a new position in shares of Via Transportation in the 4th quarter valued at $52,000. Assetmark Inc. grew its holdings in shares of Via Transportation by 156.3% during the 4th quarter. Assetmark Inc. now owns 1,922 shares of the company’s stock worth $56,000 after purchasing an additional 1,172 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Via Transportation by 75.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after buying an additional 944 shares during the period. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Via Transportation Stock Up 0.1%

Shares of VIA stock opened at $19.32 on Monday. The firm has a 50 day moving average of $15.61 and a two-hundred day moving average of $19.02. The stock has a market capitalization of $1.57 billion and a PE ratio of -20.78. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31.

Analysts Set New Price Targets

VIA has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating for the company 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 restated an “outperform” rating and set a $25.00 price target on shares of Via Transportation in a research report on Monday, June 1st. Raymond James Financial set a $19.00 price objective on Via Transportation in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.10.

Insider Buying and Selling at Via Transportation

In related news, Director Nechemia Jacob Peres bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $14.70 per share, for a total transaction of $367,500.00. Following the completion of the acquisition, the director owned 30,434 shares in the company, valued at approximately $447,379.80. This trade represents a 460.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Ramot purchased 3,571 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of $14.00 per share, for a total transaction of $49,994.00. Following the acquisition, the chief executive officer owned 2,420,957 shares in the company, valued at $33,893,398. This trade represents a 0.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders bought 31,904 shares of company stock worth $467,289. Insiders own 39.28% of the company’s stock.

Via Transportation 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.