Via Transportation (NYSE:VIA) Hits New 12-Month Low – Time to Sell?

Via Transportation Inc. (NYSE:VIA) shares reached a new 52-week low during trading on Saturday . The stock traded as low as $27.16 and last traded at $27.2730, with a volume of 578907 shares trading hands. The stock had previously closed at $29.01.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JMP Securities began coverage on Via Transportation in a research report on Tuesday, October 7th. They issued a “market outperform” rating and a $59.00 price objective for the company. William Blair started coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They set an “outperform” rating on the stock. Morgan Stanley started coverage on shares of Via Transportation in a report on Tuesday, October 7th. They issued an “equal weight” rating and a $53.00 price target for the company. Citigroup started coverage on shares of Via Transportation in a report on Tuesday, October 7th. They set an “outperform” rating on the stock. Finally, Zacks Research upgraded shares of Via Transportation to a “hold” rating in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.64.

Via Transportation Price Performance

The firm has a market cap of $2.21 billion and a P/E ratio of -39.53. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $38.00.

Via Transportation (NYSE:VIA) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The firm had revenue of $109.65 million for the quarter, compared to analyst estimates of $106.42 million.

Institutional Trading of Via Transportation

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

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.