Via Transportation (NYSE:VIA) CEO Buys $49,994.00 in Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot acquired 3,571 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $14.00 per share, for a total transaction of $49,994.00. Following the acquisition, the chief executive officer owned 2,420,957 shares of the company’s stock, valued at approximately $33,893,398. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Friday, June 12th, Daniel Ramot bought 3,333 shares of Via Transportation stock. The shares were acquired at an average price of $14.94 per share, with a total value of $49,795.02.

Via Transportation Stock Up 3.1%

Shares of VIA opened at $15.28 on Friday. The business’s 50 day moving average price is $15.50 and its 200-day moving average price is $20.18. Via Transportation Inc. has a 52 week low of $12.95 and a 52 week high of $56.31. The stock has a market cap of $1.24 billion and a P/E ratio of -16.43.

Institutional Trading of Via Transportation

Several institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in shares of Via Transportation in the 3rd quarter worth $36,000. TimesSquare Capital Management LLC bought a new position in shares of Via Transportation during the third quarter valued at $716,000. PNC Financial Services Group Inc. bought a new position in shares of Via Transportation during the third quarter valued at $60,000. Vanguard Group Inc. purchased a new stake in shares of Via Transportation during the third quarter valued at $39,965,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Via Transportation during the third quarter valued at $481,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Guggenheim reissued a “buy” rating and issued a $50.00 target price on shares of Via Transportation in a report on Wednesday. Raymond James Financial set a $19.00 price target on Via Transportation in a report on Tuesday, May 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a research report on Tuesday, May 12th. Oppenheimer reiterated an “outperform” rating and issued a $25.00 price target on shares of Via Transportation in a research note on Monday, June 1st. Finally, Wells Fargo & Company cut their price objective on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Via Transportation has an average rating of “Moderate Buy” and a consensus price target of $37.10.

Via Transportation News Summary

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

• Positive Sentiment: CEO Daniel Ramot bought additional VIA shares through a pre-arranged trading plan, adding to earlier insider purchases. That kind of buying can signal confidence from management. Article Title
• Positive Sentiment: Another insider-buying update highlighted CEO purchases of 3,333 shares, reinforcing the recent pattern of insider confidence in Via Transportation’s outlook. Article Title
• Neutral Sentiment: A separate market story noted that hedge funds and large institutions continue to own a sizable portion of the company, but this appears to be background information rather than a new catalyst. Article Title
• Negative Sentiment: Several law firms, including Rosen, Kahn Swick & Foti, Pomerantz, Berger Montague, and others, reminded investors about the August 10 lead-plaintiff deadline in the class action tied to Via’s IPO. The repeated litigation notices increase legal overhang and may keep investors cautious. Article Title

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.