Lisanti Capital Growth LLC Purchases 76,615 Shares of Via Transportation Inc. $VIA

Lisanti Capital Growth LLC purchased a new position in shares of Via Transportation Inc. (NYSE:VIA – Free Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 76,615 shares of the company’s stock, valued at approximately $2,318,000.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in Via Transportation by 0.3% in the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after purchasing an additional 6,395 shares during the last quarter. Principal Financial Group Inc. grew its position in Via Transportation by 39.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after purchasing an additional 308,283 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Via Transportation by 41.9% in the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after purchasing an additional 252,381 shares during the period. Renaissance Technologies LLC increased its stake in shares of Via Transportation by 222.4% in the first quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock valued at $4,942,000 after purchasing an additional 227,300 shares during the period. Finally, Robeco Schweiz AG acquired a new stake in shares of Via Transportation in the third quarter valued at approximately $7,674,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VIA shares. Wells Fargo & Company lifted their price target on Via Transportation from $32.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer raised their target price on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Deutsche Bank restated a “buy” rating and set a $35.00 price target on shares of Via Transportation in a research report on Wednesday, October 7th. Citigroup restated a “market outperform” rating on shares of Via Transportation in a report on Tuesday. Finally, Citizens Jmp increased their target price on shares of Via Transportation from $37.00 to $55.00 and gave the company a “market outperform” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.56.

View Our Latest Stock Report on VIA

Trending Headlines about Via Transportation

Investors following VIA have been watching these headlines:

  • Positive Sentiment: Analysts raised price targets: Morgan Stanley, Wells Fargo, Citizens JMP and Guggenheim lifted their targets to $48, $50, $55 and $58, respectively, while maintaining positive ratings. The upgrades may support investor optimism, although some targets are close to or below the $42.82 reference price in the provided market data. Read More., Read More., Read More. and Read More.
  • Positive Sentiment: Valuation optimism: A recent article argued VIA could still be attractively valued despite a 64% rebound, potentially reinforcing the bullish case for investors expecting continued growth. Via Transportation Stock Could Be Cheap After A 64% Rebound
  • Negative Sentiment: Profitability remains a concern: Via continues to report losses, and commentary cautioned that its project pipeline and transit funding have not yet translated into profitability. That leaves execution and the path to sustainable earnings as key risks. Via Transportation: Pipeline And Transit Funding Doesn’t Translate To Profitability

Via Transportation Price Performance

Shares of Via Transportation stock opened at $42.82 on Thursday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -37.56 and a beta of 0.90. The stock has a 50-day simple moving average of $32.09 and a 200-day simple moving average of $21.71. Via Transportation Inc. has a 52-week low of $12.95 and a 52-week high of $50.88.

Via Transportation (NYSE:VIA – Get Free Report) last posted its earnings results on Monday, November 9th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. Via Transportation had a negative net margin of 15.30% and a negative return on equity of 11.87%. The company had revenue of $143.53 million during the quarter. As a group, equities research analysts predict that Via Transportation Inc. will post -0.81 earnings per share for the current year.

Via Transportation Company Profile

(Free Report)

Via Transportation provides technology that helps public agencies, schools and other organizations plan and operate transportation services. Its platform supports tasks such as trip booking, route planning, vehicle dispatch, rider communications and service analysis. The company’s software is used for a range of services, including on-demand public transit, paratransit, school transportation and employee shuttles. Via also works with transportation providers to coordinate vehicles and connect riders with available services.

See Also

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Institutional Ownership by Quarter for Via Transportation (NYSE:VIA)

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