Brokerages Set Via Transportation Inc. (NYSE:VIA) PT at $49.00

Via Transportation Inc. (NYSE:VIA) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.00.

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Oppenheimer lowered their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Guggenheim dropped their price target on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Finally, Morgan Stanley reduced their price objective on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd.

Hedge Funds Weigh In On Via Transportation

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Via Transportation during the 4th quarter worth approximately $49,000. XTX Topco Ltd bought a new stake in shares of Via Transportation in the fourth quarter worth $1,139,000. Claar Advisors LLC boosted its holdings in Via Transportation by 25.3% during the fourth quarter. Claar Advisors LLC now owns 50,130 shares of the company’s stock worth $1,454,000 after purchasing an additional 10,130 shares during the last quarter. Common Fund For Nonprofit Organizations acquired a new position in Via Transportation during the fourth quarter worth $1,910,000. Finally, Bamco Inc. NY grew its position in Via Transportation by 55.8% in the fourth quarter. Bamco Inc. NY now owns 519,380 shares of the company’s stock valued at $15,067,000 after purchasing an additional 185,996 shares in the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Price Performance

Shares of VIA opened at $15.80 on Tuesday. The company has a 50 day simple moving average of $18.06. Via Transportation has a 52-week low of $13.11 and a 52-week high of $56.31. The firm has a market cap of $1.28 billion and a price-to-earnings ratio of -22.90.

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

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.