Via Transportation (NYSE:VIA) Director Nechemia Jacob Peres Acquires 10,080 Shares of Stock

Via Transportation Inc. (NYSE:VIA) Director Nechemia Jacob Peres bought 10,080 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $24.74 per share, for a total transaction of $249,379.20. Following the completion of the transaction, the director directly owned 40,514 shares in the company, valued at approximately $1,002,316.36. This trade represents a 33.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Nechemia Jacob Peres also recently made the following trade(s):

• On Tuesday, June 9th, Nechemia Jacob Peres purchased 25,000 shares of Via Transportation stock. The stock was acquired at an average price of $14.70 per share, with a total value of $367,500.00.

Via Transportation Price Performance

NYSE VIA traded up $0.12 during trading hours on Wednesday, reaching $24.98. The company’s stock had a trading volume of 785,536 shares, compared to its average volume of 820,788. The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of -26.86. The company’s 50-day moving average is $17.93 and its two-hundred day moving average is $17.39. Via Transportation Inc. has a 1-year low of $12.95 and a 1-year high of $56.31.

Institutional Investors Weigh In On Via Transportation

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in Via Transportation during the third quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation in the 4th quarter worth $34,000. Essential Partners LLC purchased a new position in shares of Via Transportation during the 1st quarter worth $40,000. Strs Ohio purchased a new position in shares of Via Transportation during the 4th quarter worth $52,000. Finally, Assetmark Inc. boosted its position in shares of Via Transportation by 89.0% during the 1st quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock valued at $54,000 after acquiring an additional 1,710 shares during the last quarter. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a research note on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $24.00 price target on shares of Via Transportation in a report on Wednesday, May 13th. Wells Fargo & Company upped their price target on shares of Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Guggenheim reaffirmed a “buy” rating and issued a $50.00 price target on shares of Via Transportation in a research note on Wednesday, June 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Friday. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Via Transportation currently has an average rating of “Moderate Buy” and an average target price of $37.80.

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.