Via Transportation Inc. $VIA Holdings Cut by Inspire Investing LLC

Inspire Investing LLC cut its stake in Via Transportation Inc. (NYSE:VIA) by 43.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,911 shares of the company’s stock after selling 15,766 shares during the quarter. Inspire Investing LLC’s holdings in Via Transportation were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. purchased a new stake in Via Transportation during the 3rd quarter valued at $1,101,000. Arizona State Retirement System bought a new position in shares of Via Transportation in the 2nd quarter worth approximately $184,000. AXQ Capital LP bought a new stake in Via Transportation during the second quarter valued at approximately $395,000. Wellington Management Group LLP increased its holdings in Via Transportation by 0.3% during the second quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after buying an additional 6,395 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Via Transportation during the 2nd quarter worth $2,437,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on VIA. Morgan Stanley upped their price objective on Via Transportation from $24.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price objective on shares of Via Transportation in a research note on Wednesday, October 7th. Wells Fargo & Company lifted their price target on shares of Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a research note on Monday, September 14th. Finally, Oppenheimer lifted their target price on shares of Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Via Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Via Transportation Price Performance

VIA stock opened at $36.44 on Friday. The company’s fifty day moving average price is $30.17 and its 200-day moving average price is $21.12. Via Transportation Inc. has a one year low of $12.95 and a one year high of $54.82.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.19. The company had revenue of $135.71 million for the quarter. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. As a group, analysts anticipate that Via Transportation Inc. will post -0.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Nechemia Peres purchased 10,080 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $24.74 per share, with a total value of $249,379.20. Following the completion of the purchase, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 39.28% of the company’s stock.

Via Transportation Profile

Via Transportation, Inc (NYSE: VIA) is a transportation technology company that provides software and services for public transit agencies, corporations, universities, schools and other organizations. Its platform is designed to help manage on-demand and fixed-route transportation, including shared rides, paratransit, microtransit and shuttle services.

The company’s technology supports functions such as vehicle and driver management, routing, scheduling, rider booking, payments, customer communications and performance analysis.