Via Transportation (NYSE:VIA) Shares Gap Down – Time to Sell?

Via Transportation Inc. (NYSE:VIA – Get Free Report)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $37.72, but opened at $35.00. Via Transportation shares last traded at $38.3950, with a volume of 122,273 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Oppenheimer increased their price target on shares of Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued 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 boosted their price objective on Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 13th. Finally, Morgan Stanley raised their price objective on Via Transportation from $24.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Check Out Our Latest Analysis on VIA

Via Transportation Trading Up 8.8%

The business’s 50 day moving average is $31.16 and its 200 day moving average is $21.45. The stock has a market capitalization of $3.35 billion, a PE ratio of -36.00 and a beta of 0.90.

Via Transportation (NYSE:VIA – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. The company had revenue of $143.53 million for the quarter. As a group, analysts anticipate that Via Transportation Inc. will post -0.81 EPS for the current year.

Insider Activity

In other Via Transportation news, Director Nechemia Peres bought 10,080 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $24.74 per share, for a total transaction of $249,379.20. Following the completion of the transaction, the director directly owned 40,514 shares of the company’s stock, valued at approximately $1,002,316.36. This represents a 33.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Via Transportation

Several hedge funds and other institutional investors have recently modified their holdings of VIA. Essential Partners LLC bought a new stake in shares of Via Transportation during the 1st quarter worth approximately $40,000. Assetmark Inc. boosted its holdings in Via Transportation by 89.0% during the 1st quarter. Assetmark Inc. now owns 3,632 shares of the company’s stock valued at $54,000 after acquiring an additional 1,710 shares during the period. Calamos Advisors LLC purchased a new position in Via Transportation during the 3rd quarter valued at $266,000. Joel Isaacson & Co. LLC bought a new position in Via Transportation in the 3rd quarter valued at $295,000. Finally, Arizona State Retirement System bought a new position in Via Transportation in the 2nd quarter valued at $184,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

Via Transportation Company Profile

(Get 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.

Founded in 2012 by Daniel Ramot and Oren Shoval, Via is headquartered in New York City.

Further Reading

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