Via Transportation (NYSE:VIA) Stock Price Up 3% – Should You Buy?

Via Transportation Inc. (NYSE:VIA) shares were up 3% on Wednesday . The company traded as high as $30.26 and last traded at $30.3770. Approximately 69,903 shares were traded during trading, a decline of 82% from the average daily volume of 386,964 shares. The stock had previously closed at $29.48.

Wall Street Analyst Weigh In

VIA has been the topic of a number of research reports. Wolfe Research started coverage on shares of Via Transportation in a research report on Tuesday, October 7th. They set an “outperform” rating and a $60.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Via Transportation in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $55.00 price target on Via Transportation and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Citigroup initiated coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Finally, Citizens Jmp initiated coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They issued a “mkt outperform” rating and a $59.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.64.

Via Transportation Price Performance

The company has a market capitalization of $2.35 billion and a PE ratio of -41.97. The company has a 50-day simple moving average of $38.47.

Via Transportation (NYSE:VIA) last posted its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The business had revenue of $109.65 million during the quarter, compared to the consensus estimate of $106.42 million.

Institutional Investors Weigh In On Via Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of VIA. Bank of America Corp DE acquired a new position in shares of Via Transportation during the third quarter worth $29,000. Assetmark Inc. acquired a new position in Via Transportation during the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. purchased a new stake in Via Transportation in the third quarter valued at about $60,000. WINTON GROUP Ltd purchased a new stake in Via Transportation in the third quarter valued at about $219,000. Finally, Legal & General Group Plc acquired a new stake in Via Transportation in the third quarter worth about $239,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

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.