Via Transportation (NYSE:VIA) CEO Purchases $49,795.02 in Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot bought 3,333 shares of Via Transportation stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of $14.94 per share, for a total transaction of $49,795.02. Following the acquisition, the chief executive officer directly owned 2,417,386 shares in the company, valued at approximately $36,115,746.84. This represents a 0.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Ramot also recently made the following trade(s):

• On Tuesday, June 16th, Daniel Ramot bought 3,571 shares of Via Transportation stock. The shares were acquired at an average price of $14.00 per share, for a total transaction of $49,994.00.

Via Transportation Stock Performance

Shares of NYSE:VIA traded down $0.76 during midday trading on Tuesday, hitting $14.22. 1,052,823 shares of the company’s stock traded hands, compared to its average volume of 721,946. The company has a market cap of $1.16 billion and a PE ratio of -15.29. The firm’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $20.45. Via Transportation Inc. has a twelve month low of $12.95 and a twelve month high of $56.31.

Institutional Trading of Via Transportation

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Via Transportation during the third quarter worth approximately $29,000. Assetmark Inc. acquired a new stake in shares of Via Transportation during the third quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its position in shares of Via Transportation by 75.5% during the fourth 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 in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation during the fourth quarter worth approximately $34,000. Finally, Squarepoint Ops LLC grew its position in shares of Via Transportation by 9.0% during the fourth quarter. Squarepoint Ops LLC now owns 16,343 shares of the company’s stock worth $474,000 after buying an additional 1,343 shares in the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Key Stories Impacting Via Transportation

Here are the key news stories impacting Via Transportation this week:

• Neutral Sentiment: Via Transportation inked a 55,000-square-foot lease at 2 Park Avenue, a sign of continued operational growth, but the news is not material enough to outweigh the legal overhang. Tech Firm Via Transportation Inks 55K SF at Haddad Brands’ 2 Park Avenue
• Negative Sentiment: Several firms announced or reiterated a class action lawsuit tied to Via’s IPO, increasing investor concern about alleged misstatements in offering documents. Investor Alert: Pomerantz Law Firm Reminds Investors…
• Negative Sentiment: Law-firm notices highlighted a deadline for investors to seek lead-plaintiff status in the securities case, keeping the litigation in focus and reinforcing the stock’s legal overhang. Via Transportation, Inc. Securities Class Action Result…
• Negative Sentiment: Additional class-action reminders from Rosen, Glancy, Schall, Robbins Geller, The Gross Law Firm, and others suggest broad legal scrutiny of Via’s IPO disclosures. ROSEN…Encourages Via Transportation, Inc. Investors…

Analyst Ratings Changes

VIA has been the subject of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Via Transportation in a research report on Monday, June 1st. Raymond James Financial set a $19.00 price objective on shares of Via Transportation in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Guggenheim lowered their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.10.

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.