Via Transportation Inc. (NYSE:VIA - Get Free Report) Director Nechemia Jacob Peres purchased 25,000 shares of the business's stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of $14.70 per share, with a total value of $367,500.00. Following the purchase, the director directly owned 30,434 shares in the company, valued at $447,379.80. This represents a 460.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Via Transportation Stock Performance
Shares of VIA stock opened at $14.75 on Friday. The firm has a market capitalization of $1.20 billion and a PE ratio of -15.86. The stock has a fifty day simple moving average of $15.59 and a two-hundred day simple moving average of $20.89. Via Transportation Inc. has a 52-week low of $12.95 and a 52-week high of $56.31.
Analyst Ratings Changes
A number of research analysts have recently weighed in on VIA shares. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a research report on Wednesday, May 13th. Weiss Ratings upgraded Via Transportation from a "sell (e+)" rating to a "sell (d)" rating in a research report on Wednesday, May 13th. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of Via Transportation in a research report on Monday, March 2nd. Wells Fargo & Company cut their price objective on Via Transportation from $36.00 to $30.00 and set an "overweight" rating for the company in a research report on Wednesday, May 13th. Finally, Morgan Stanley restated an "overweight" rating and set a $24.00 price objective on shares of Via Transportation in a research report on Tuesday, May 12th. Twelve 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.10.
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ion Asset Management Ltd. purchased a new position in Via Transportation in the third quarter worth about $4,808,000. Koch Inc. purchased a new position in Via Transportation in the third quarter worth about $81,747,000. Principal Financial Group Inc. purchased a new position in Via Transportation in the third quarter worth about $14,394,000. Capital Research Global Investors purchased a new position in Via Transportation in the third quarter worth about $40,536,000. Finally, Bamco Inc. NY purchased a new position in Via Transportation in the third quarter worth about $16,029,000. Hedge funds and other institutional investors own 74.40% of the company's stock.
Key Stories Impacting Via Transportation
Here are the key news stories impacting Via Transportation this week:
- Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, Robbins LLP, Kahn Swick & Foti, Frank R. Cruz, Bronstein Gewirtz & Grossman, Robbins Geller, Faruqi & Faruqi, Kirby McInerney, Rosen, and Portnoy, announced or promoted class action lawsuits and lead-plaintiff deadlines for investors who bought VIA shares in connection with the IPO. These updates reinforce the market’s focus on litigation risk and the possibility of further downside. Article Title
- Neutral Sentiment: Director Nechemia Jacob Peres bought 25,000 shares at an average price of $14.70, increasing his stake materially. Insider buying can signal confidence from management, but it may not be enough to offset the negative sentiment from the lawsuit headlines. Article Title
- Neutral Sentiment: An article on Via’s valuation after its recent share-price pullback suggests investors are reassessing the stock’s fundamentals, but it did not introduce a new company-specific catalyst. Article Title
About Via Transportation
(
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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.
Further Reading
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