Via Transportation (NYSE:VIA) Sets New 12-Month Low - What's Next?

Key Points

• Shares of Via Transportation hit a new 52-week low, trading as low as $14.15 (last $14.24) on heavy volume (~3.04M shares), well below the 50‑day moving average of $20.94 and the prior close of $16.68.
• Analysts remain broadly positive overall—12 Buys, 1 Hold and 1 Sell—giving a consensus "Moderate Buy" and an average target of $49, even after several firms cut price targets (e.g., Morgan Stanley to $28, Oppenheimer to $40, Guggenheim to $50).
• The company has a market cap of about $1.15B, a negative P/E (-20.64) signaling losses, and high institutional ownership at 74.4%, indicating significant hedge fund and institutional exposure.

Shares of Via Transportation Inc. (NYSE:VIA - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $14.15 and last traded at $14.24, with a volume of 3038250 shares traded. The stock had previously closed at $16.68.

Analyst Ratings Changes

VIA has been the topic of a number of analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Via Transportation in a research note on Monday, December 29th. Morgan Stanley decreased their target price on Via Transportation from $41.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, March 2nd. Noble Financial lowered shares of Via Transportation to a "buy" rating in a research note on Tuesday, December 16th. Guggenheim cut their price objective on shares of Via Transportation from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Monday, March 2nd. Finally, Oppenheimer reduced their price objective on shares of Via Transportation from $59.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Via Transportation currently has an average rating of "Moderate Buy" and an average target price of $49.00.

Via Transportation Price Performance

The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of -20.64. The company's fifty day moving average price is $20.94.

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

Hedge Funds Weigh In On Via Transportation

A number of institutional investors have recently modified their holdings of VIA. Stephens Investment Management Group LLC purchased a new stake in Via Transportation in the 3rd quarter valued at $4,787,000. Federated Hermes Inc. purchased a new position in Via Transportation during the 3rd quarter worth $9,616,000. Principal Financial Group Inc. purchased a new stake in shares of Via Transportation in the third quarter valued at about $14,394,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Via Transportation during the third quarter worth about $240,000. Finally, Assetmark Inc. purchased a new position in shares of Via Transportation during the third quarter worth about $36,000. 74.40% of the stock is owned by institutional investors and hedge funds.

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.

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