Via Transportation (NYSE:VIA) Reaches New 1-Year Low – Should You Sell?

Via Transportation Inc. (NYSE:VIA)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $29.74 and last traded at $30.9450, with a volume of 574166 shares traded. The stock had previously closed at $32.29.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VIA. Deutsche Bank Aktiengesellschaft set a $55.00 target price on Via Transportation and gave the company a “buy” rating in a research report on Tuesday, October 7th. Weiss Ratings assumed coverage on shares of Via Transportation in a report on Friday. They issued a “sell (d)” rating on the stock. Wells Fargo & Company assumed coverage on shares of Via Transportation in a report on Tuesday, October 7th. They set an “overweight” rating and a $60.00 target price for the company. Raymond James Financial set a $55.00 target price on shares of Via Transportation and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Zacks Research raised shares of Via Transportation to a “hold” rating in a research report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Via Transportation has a consensus rating of “Moderate Buy” and an average target price of $56.64.

Via Transportation Trading Down 4.2%

The business has a 50-day simple moving average of $44.43.

Via Transportation (NYSE:VIA) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The firm had revenue of $109.65 million for the quarter, compared to the consensus estimate of $106.42 million.

Hedge Funds Weigh In On Via Transportation

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Via Transportation during the 3rd quarter worth approximately $93,662,000. Koch Inc. acquired a new stake in shares of Via Transportation during the third quarter worth $81,747,000. Capital Research Global Investors bought a new stake in shares of Via Transportation in the third quarter valued at about $40,536,000. Vanguard Group Inc. acquired a new position in shares of Via Transportation in the third quarter valued at about $39,965,000. Finally, Capital International Investors acquired a new position in shares of Via Transportation in the third quarter valued at about $26,444,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.