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

Key Points

• Moderate Buy consensus from 14 analysts (12 Buys, 1 Hold, 1 Sell) with an average 12‑month price target of $49.
• Analyst targets span roughly $28 to $55, and several firms including Guggenheim, Oppenheimer and Morgan Stanley have recently reduced their price objectives.
• Via opened at $13.95 (50‑day MA $18.68; 1‑year range $13.11–$56.31) with a market cap near $1.13B, and institutional investors own about 74.4% of the shares, including a sizable stake increase by Bamco.

Shares of Via Transportation Inc. (NYSE:VIA - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $49.00.

Several equities research analysts have issued reports on VIA shares. Guggenheim cut their target price on Via Transportation from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. Oppenheimer decreased their price target on Via Transportation from $59.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, January 22nd. Noble Financial cut Via Transportation to a "buy" rating in a report on Tuesday, December 16th. Morgan Stanley reduced their price objective on shares of Via Transportation from $41.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of Via Transportation in a research note on Monday, March 2nd.

Institutional Trading of Via Transportation

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Via Transportation in the fourth quarter valued at approximately $49,000. XTX Topco Ltd purchased a new position in shares of Via Transportation during the fourth quarter worth $1,139,000. Claar Advisors LLC grew its stake in shares of Via Transportation by 25.3% in the fourth quarter. Claar Advisors LLC now owns 50,130 shares of the company's stock valued at $1,454,000 after buying an additional 10,130 shares in the last quarter. Common Fund For Nonprofit Organizations acquired a new stake in shares of Via Transportation in the fourth quarter valued at $1,910,000. Finally, Bamco Inc. NY raised its holdings in shares of Via Transportation by 55.8% in the 4th quarter. Bamco Inc. NY now owns 519,380 shares of the company's stock valued at $15,067,000 after buying an additional 185,996 shares during the period. Institutional investors and hedge funds own 74.40% of the company's stock.

Via Transportation Stock Up 2.3%

NYSE:VIA opened at $13.95 on Tuesday. The company has a 50-day moving average price of $18.68. Via Transportation has a 1-year low of $13.11 and a 1-year high of $56.31. The firm has a market cap of $1.13 billion and a price-to-earnings ratio of -20.22.

Via Transportation (NYSE:VIA - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter.

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. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.