Via Transportation Inc. (NYSE:VIA) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Via Transportation, with 12 buy ratings, one hold and one sell. The average 12-month price target is $38.70, implying upside from the stock’s $27.20 opening price.
• Recent analysts have generally raised or reaffirmed their views, including Morgan Stanley increasing its target to $33, Oppenheimer to $30, and Guggenheim maintaining a $50 target.
• Via reported quarterly revenue of $135.71 million and a loss of $0.01 per share, beating the consensus loss estimate of $0.20. However, the company remains unprofitable, with a negative net margin of 20.04% and analysts expecting full-year EPS of -$0.80.

Via Transportation Inc. (NYSE:VIA - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.70.

VIA has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Via Transportation from $24.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday. Guggenheim reiterated a "buy" rating and issued a $50.00 target price on shares of Via Transportation in a report on Wednesday, June 17th. Oppenheimer raised their price objective on shares of Via Transportation from $25.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Via Transportation from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, September 4th. Finally, Citigroup reissued a "market outperform" rating on shares of Via Transportation in a research note on Monday, September 14th.

Via Transportation Stock Down 2.8%

NYSE:VIA opened at $27.20 on Tuesday. The business's 50-day moving average price is $24.04 and its 200 day moving average price is $18.82. Via Transportation has a 52-week low of $12.95 and a 52-week high of $55.20. The firm has a market cap of $2.22 billion and a P/E ratio of -23.86.

Via Transportation (NYSE:VIA - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.19. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. The company had revenue of $135.71 million during the quarter. Sell-side analysts expect that Via Transportation will post -0.8 EPS for the current year.

Insider Buying and Selling

In other Via Transportation news, Director Nechemia Peres bought 10,080 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $24.74 per share, with a total value of $249,379.20. Following the purchase, the director directly owned 40,514 shares in the company, valued at $1,002,316.36. The trade was a 33.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.28% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIA. Weiss Asset Management LP acquired a new stake in Via Transportation during the first quarter valued at $2,433,000. Bank of New York Mellon Corp purchased a new stake in shares of Via Transportation during the 2nd quarter worth about $2,437,000. Compound Planning Inc. acquired a new stake in shares of Via Transportation during the 1st quarter valued at about $1,312,000. Principal Financial Group Inc. lifted its holdings in shares of Via Transportation by 39.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company's stock valued at $16,297,000 after buying an additional 308,283 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Via Transportation by 222.4% in the 1st quarter. Renaissance Technologies LLC now owns 329,500 shares of the company's stock valued at $4,942,000 after buying an additional 227,300 shares in the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

Via Transportation Company Profile

Via Transportation is a transportation technology company that develops software and operates services for on-demand public transportation. Its platform enables transit agencies, municipalities, universities, corporations and other organizations to plan, manage and optimize flexible transportation networks.

The company's products and services support microtransit, paratransit, school transportation, corporate shuttles and other shared mobility programs. Via's technology can help match riders with vehicles, optimize routes, manage bookings and payments, and provide tools for dispatching, reporting and fleet operations.

Founded in 2012 by Daniel Ramot and Oren Shoval, Via serves transportation partners in multiple countries and works with public agencies and private organizations to complement fixed-route transit.

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