Via Transportation Inc.'s (NYSE:VIA) Quiet Period To End on October 22nd

Key Points

• Via Transportation Inc.'s quiet period is set to expire on October 22nd, allowing underwriters to begin issuing research reports on the company.
• Following their public offering, analyses from various firms have assigned multiple price targets, with Guggenheim setting a target of $58.00 and Citizens Jmp at $59.00, contributing to a consensus price target of $56.64.
• The company's stock opened at $47.42 after a public offering, with a 52-week range of $43.50 to $56.31, reflecting the volatility and potential growth in the public transportation market.

Via Transportation's (NYSE:VIA - Get Free Report) quiet period is set to expire on Wednesday, October 22nd. Via Transportation had issued 10,714,285 shares in its public offering on September 12th. The total size of the offering was $492,857,110 based on an initial share price of $46.00. During Via Transportation's quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VIA shares. Guggenheim started coverage on Via Transportation in a research report on Tuesday, October 7th. They issued a "buy" rating and a $58.00 price target for the company. Morgan Stanley started coverage on Via Transportation in a research report on Tuesday, October 7th. They issued an "equal weight" rating and a $53.00 price target for the company. Citizens Jmp started coverage on Via Transportation in a research report on Tuesday, October 7th. They issued a "mkt outperform" rating and a $59.00 price target for the company. William Blair started coverage on Via Transportation in a research report on Tuesday, October 7th. They issued an "outperform" rating for the company. Finally, Wall Street Zen upgraded Via Transportation to a "hold" rating in a research report on Wednesday, September 24th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Via Transportation has an average rating of "Moderate Buy" and a consensus price target of $56.64.

Via Transportation Price Performance

VIA opened at $47.42 on Wednesday. Via Transportation has a 52 week low of $43.50 and a 52 week high of $56.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.