Via Transportation (NYSE:VIA) Director Acquires 10,080 Shares

Key Points

• Director Nechemia Jacob Peres bought 10,080 Via Transportation shares at an average price of $24.74, investing approximately $249,379 and increasing his stake by 33.12% to 40,514 shares.
• Via shares traded near $24.98, with a $2.03 billion market capitalization; 74.4% of the stock is held by institutional investors.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $37.80, although estimates range from $24 to $50.

Via Transportation Inc. (NYSE:VIA - Get Free Report) Director Nechemia Jacob Peres purchased 10,080 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $24.74 per share, with a total value of $249,379.20. Following the acquisition, the director owned 40,514 shares of the company's stock, valued at approximately $1,002,316.36. The trade was a 33.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nechemia Jacob Peres also recently made the following trade(s):

• On Tuesday, June 9th, Nechemia Jacob Peres acquired 25,000 shares of Via Transportation stock. The shares were bought at an average cost of $14.70 per share, for a total transaction of $367,500.00.

Via Transportation Stock Performance

Shares of NYSE VIA traded up $0.12 during mid-day trading on Wednesday, hitting $24.98. The stock had a trading volume of 785,536 shares, compared to its average volume of 820,788. The firm has a market cap of $2.03 billion and a PE ratio of -26.86. The company has a 50 day moving average of $17.93 and a two-hundred day moving average of $17.39. Via Transportation Inc. has a twelve month low of $12.95 and a twelve month high of $56.31.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIA. Vanguard Group Inc. acquired a new position in Via Transportation in the third quarter valued at approximately $39,965,000. First Trust Advisors LP purchased a new position in shares of Via Transportation during the 3rd quarter valued at approximately $1,047,000. Blair William & Co. IL purchased a new position in shares of Via Transportation during the 3rd quarter valued at approximately $764,000. WINTON GROUP Ltd acquired a new position in shares of Via Transportation in the 3rd quarter valued at $219,000. Finally, Legal & General Group Plc purchased a new stake in Via Transportation during the third quarter worth $239,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIA. Deutsche Bank Aktiengesellschaft set a $25.00 price target on shares of Via Transportation in a report on Wednesday, May 13th. Oppenheimer upped their price objective on shares of Via Transportation from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Via Transportation from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Guggenheim reissued a "buy" rating and set a $50.00 target price on shares of Via Transportation in a report on Wednesday, June 17th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $24.00 target price on shares of Via Transportation in a research report on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.80.

About Via Transportation

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.

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