Via Transportation (NYSE:VIA) Shares Up 11.1% – Still a Buy?

Via Transportation Inc. (NYSE:VIA) shares traded up 11.1% on Monday . The company traded as high as $16.82 and last traded at $16.9150. 432,971 shares were traded during trading, a decline of 37% from the average session volume of 690,299 shares. The stock had previously closed at $15.23.

Analyst Ratings Changes

Several analysts have commented on VIA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Via Transportation in a research note on Monday. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of Via Transportation in a research note on Wednesday, May 13th. Finally, Guggenheim lowered their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.10.

Via Transportation Stock Performance

The company has a market cap of $1.35 billion and a price-to-earnings ratio of -17.90. The stock’s fifty day simple moving average is $15.39 and its two-hundred day simple moving average is $22.54.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. Analysts predict that Via Transportation Inc. will post -0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Via Transportation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its holdings in shares of Via Transportation by 153.9% during the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after acquiring an additional 1,297,114 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Via Transportation during the 3rd quarter worth $93,662,000. Koch Inc. purchased a new stake in Via Transportation during the 3rd quarter worth $81,747,000. Principal Financial Group Inc. increased its stake in Via Transportation by 39.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after buying an additional 308,283 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Via Transportation by 41.9% during the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after buying an additional 252,381 shares during the period. 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.