Via Transportation (NYSE:VIA) Shares Gap Up – Should You Buy?

Via Transportation Inc. (NYSE:VIA)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $25.23, but opened at $26.51. Via Transportation shares last traded at $25.65, with a volume of 167,624 shares.

Analysts Set New Price Targets

Several research firms have recently commented on VIA. Guggenheim initiated coverage on shares of Via Transportation in a report on Tuesday, October 7th. They issued a “buy” rating and a $58.00 price target for the company. Morgan Stanley began coverage on shares of Via Transportation in a report on Tuesday, October 7th. They set an “equal weight” rating and a $53.00 price objective on the stock. William Blair began coverage on Via Transportation in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Raymond James Financial set a $55.00 target price on Via Transportation and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Citigroup began coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.64.

Via Transportation Trading Up 5.3%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 5.17. The stock has a market capitalization of $2.15 billion and a PE ratio of -38.51. The firm has a 50-day moving average of $34.85.

Via Transportation (NYSE:VIA) last announced its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The business had revenue of $109.65 million for the quarter, compared to the consensus estimate of $106.42 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in Via Transportation in the third quarter worth about $93,662,000. Koch Inc. purchased a new position in shares of Via Transportation in the 3rd quarter valued at approximately $81,747,000. Capital Research Global Investors acquired a new stake in Via Transportation in the 3rd quarter worth approximately $40,536,000. Vanguard Group Inc. purchased a new stake in Via Transportation during the 3rd quarter worth approximately $39,965,000. Finally, Capital International Investors acquired a new position in Via Transportation during the 3rd quarter valued at approximately $26,444,000. 74.40% of the stock is owned by institutional investors and hedge funds.

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.