Via Transportation (NYSE:VIA – Free Report) had its target price hoisted by Guggenheim from $50.00 to $58.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms also recently commented on VIA. Weiss Ratings downgraded Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. Deutsche Bank restated a “buy” rating and set a $35.00 target price on shares of Via Transportation in a report on Wednesday, October 7th. Citigroup restated a “market outperform” rating on shares of Via Transportation in a research report on Tuesday. Oppenheimer boosted their target price on Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Via Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $41.56.
View Our Latest Research Report on VIA
Via Transportation Stock Performance
Shares of Via Transportation stock opened at $42.02 on Tuesday. The firm has a fifty day moving average of $32.38 and a two-hundred day moving average of $21.79. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -36.86 and a beta of 0.90. Via Transportation 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 quarterly earnings results on Monday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.04. Via Transportation had a negative return on equity of 11.87% and a negative net margin of 15.30%. The business had revenue of $143.53 million for the quarter. As a group, research analysts forecast that Via Transportation will post -0.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Via Transportation
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIA. Assetmark Inc. increased its holdings in Via Transportation by 89.0% during the 1st quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock worth $54,000 after purchasing an additional 1,710 shares in the last quarter. Essential Partners LLC acquired a new stake in shares of Via Transportation in the 1st quarter valued at about $40,000. Wellington Management Group LLP lifted its holdings in shares of Via Transportation by 0.3% in the second 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 in the last quarter. Sei Investments Co. lifted its holdings in shares of Via Transportation by 78.1% in the first quarter. Sei Investments Co. now owns 18,020 shares of the company’s stock valued at $270,000 after purchasing an additional 7,904 shares in the last quarter. Finally, Calamos Advisors LLC bought a new stake in shares of Via Transportation in the third quarter valued at about $266,000. 74.40% of the stock is owned by institutional investors and hedge funds.
About Via Transportation
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.
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