Via Transportation (NYSE:VIA) Hits New 12-Month Low – Time to Sell?
by Renee Jackson · The Cerbat GemVia Transportation Inc. (NYSE:VIA – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $19.48 and last traded at $19.90, with a volume of 98631 shares traded. The stock had previously closed at $20.56.
Wall Street Analyst Weigh In
Several analysts have recently commented on VIA shares. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 20th. Oppenheimer cut their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group raised Via Transportation from a “neutral” rating to a “buy” rating in a report on Tuesday, January 13th. Thirteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.91.
Get Our Latest Analysis on VIA
Via Transportation Price Performance
The firm has a 50-day moving average price of $27.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17.
Via Transportation (NYSE:VIA – Get Free Report) last posted its earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The firm had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.
Hedge Funds Weigh In On Via Transportation
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIA. Stephens Investment Management Group LLC acquired a new position in shares of Via Transportation during the 3rd quarter worth about $4,787,000. Principal Financial Group Inc. purchased a new position in shares of Via Transportation in the third quarter valued at approximately $14,394,000. Federated Hermes Inc. purchased a new position in Via Transportation in the 3rd quarter valued at $9,616,000. UBS Group AG boosted its stake in Via Transportation by 104.2% during the 4th quarter. UBS Group AG now owns 110,200 shares of the company’s stock worth $3,197,000 after purchasing an additional 56,225 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of Via Transportation during the fourth quarter worth $3,777,000. 74.40% of the stock is owned by hedge funds and other institutional investors.
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.