Vontobel Holding Ltd. Acquires New Shares in Via Transportation Inc. $VIA

Key Points

• Vontobel Holding acquired 36,400 Via Transportation shares in the third quarter, valued at approximately $1.1 million. Institutional investors collectively own 74.4% of the company.
• Via reported a quarterly loss of $0.01 per share, beating the consensus estimate of a $0.20 loss, on revenue of $135.71 million. However, the company remains unprofitable, with a negative net margin of 20.04%.
• Analyst sentiment is broadly positive, with nine Buy ratings and one Sell rating and a consensus price target of $34.75. Shares opened at $32.95, while a company director separately increased his holdings by purchasing 10,080 shares.

Vontobel Holding Ltd. acquired a new stake in shares of Via Transportation Inc. (NYSE:VIA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,400 shares of the company's stock, valued at approximately $1,101,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Essential Partners LLC purchased a new stake in Via Transportation in the first quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd purchased a new stake in Via Transportation during the 4th quarter valued at $49,000. Assetmark Inc. raised its stake in 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 buying an additional 1,710 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of Via Transportation during the 1st quarter valued at $152,000. Finally, Arizona State Retirement System bought a new position in shares of Via Transportation during the 2nd quarter valued at $184,000. Institutional investors own 74.40% of the company's stock.

Insider Buying and Selling

In related news, Director Nechemia Peres bought 10,080 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $24.74 per share, for a total transaction of $249,379.20. Following the completion of the transaction, the director owned 40,514 shares of the company's stock, valued at approximately $1,002,316.36. This trade represents a 33.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.28% of the company's stock.

Via Transportation Trading Up 3.2%

Shares of Via Transportation stock opened at $32.95 on Tuesday. The company's fifty day simple moving average is $28.43 and its 200-day simple moving average is $20.90. Via Transportation Inc. has a 1-year low of $12.95 and a 1-year high of $55.20.

Via Transportation (NYSE:VIA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.19. The firm had revenue of $135.71 million during the quarter. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. As a group, research analysts predict that Via Transportation Inc. will post -0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Via Transportation from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $35.00 price objective on shares of Via Transportation in a research report on Wednesday, October 7th. Morgan Stanley increased their target price on Via Transportation from $24.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, September 21st. Wells Fargo & Company increased their target price on Via Transportation from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Citigroup reissued a "market outperform" rating on shares of Via Transportation in a research report on Monday, September 14th. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.75.

Via Transportation Company Profile

Via Transportation, Inc is a transportation technology company that provides software and operational services for on-demand and shared public transit. Its platform helps transit agencies, municipalities, schools, universities and private organizations plan, book, route and manage flexible transportation services.

Via's products support services such as microtransit, paratransit, demand-responsive bus networks, school transportation and transportation-as-a-service programs. The company's technology is designed to match riders with vehicles, optimize routes and improve the efficiency and accessibility of local transportation systems.

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