Via Transportation (NYSE:VIA) Stock Price Up 9.2% – Still a Buy?

Shares of Via Transportation Inc. (NYSE:VIA) traded up 9.2% on Friday . The company traded as high as $16.69 and last traded at $17.5860. 206,387 shares were traded during trading, a decline of 61% from the average session volume of 531,449 shares. The stock had previously closed at $16.10.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VIA. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th. Noble Financial downgraded Via Transportation to a “buy” rating in a report on Tuesday, December 16th. The Goldman Sachs Group upgraded Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Finally, Oppenheimer reduced their price objective on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Via Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Via Transportation Stock Up 2.9%

The company has a market capitalization of $1.34 billion and a PE ratio of -24.00. The company has a fifty day moving average price of $24.98. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Via Transportation during the 3rd quarter worth $29,000. Assetmark Inc. acquired a new position in Via Transportation during the third quarter worth $36,000. PNC Financial Services Group Inc. raised its stake in shares of Via Transportation by 75.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock worth $64,000 after buying an additional 944 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Via Transportation in the 4th quarter worth about $34,000. Finally, Squarepoint Ops LLC grew its stake in Via Transportation by 9.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,343 shares of the company’s stock valued at $474,000 after acquiring an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.