Via Transportation Inc.’s (NYSE:VIA) Lock-Up Period Will End on March 11th

Via Transportation’s (NYSE:VIA) lock-up period is set to end on Wednesday, March 11th. Via Transportation had issued 10,714,285 shares in its initial public offering on September 12th. The total size of the offering was $492,857,110 based on an initial share price of $46.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

VIA has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $28.00 price objective on shares of Via Transportation in a research report on Monday. Morgan Stanley reduced their target price on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a report on Monday. Oppenheimer dropped their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday. Twelve 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Via Transportation Trading Down 0.6%

Shares of Via Transportation stock opened at $18.05 on Wednesday. Via Transportation has a 1 year low of $15.48 and a 1 year high of $56.31. The stock has a market cap of $1.46 billion and a P/E ratio of -26.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98. The business has a 50-day simple moving average of $22.96.

Via Transportation (NYSE:VIA) last issued its earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Institutional Trading of Via Transportation

Several hedge funds and other institutional investors have recently modified their holdings of VIA. Bank of America Corp DE purchased a new position in Via Transportation in the third quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Via Transportation in the 4th quarter valued at approximately $34,000. Assetmark Inc. acquired a new position in Via Transportation in the third quarter worth approximately $36,000. Strs Ohio bought a new position in Via Transportation during the fourth quarter valued at approximately $52,000. Finally, PNC Financial Services Group Inc. bought a new stake in Via Transportation in the third quarter worth approximately $60,000. 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.