Via Transportation (NYSE:VIA) Stock Price Down 7.3% – Should You Sell?

Via Transportation Inc. (NYSE:VIA) shares traded down 7.3% during mid-day trading on Friday . The company traded as low as $14.39 and last traded at $14.4250. 345,140 shares were traded during mid-day trading, a decline of 52% from the average session volume of 719,457 shares. The stock had previously closed at $15.56.

Analysts Set New Price Targets

VIA has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Noble Financial lowered Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Morgan Stanley cut their price target on shares of Via Transportation from $41.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of Via Transportation in a report on Monday, March 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Via Transportation in a research report on Monday, March 2nd. Twelve investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Via Transportation Price Performance

The firm has a market capitalization of $1.17 billion and a PE ratio of -21.06. The company’s fifty day simple moving average is $17.12 and its 200 day simple moving average is $30.57.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Via Transportation

Several institutional investors have recently made changes to their positions in VIA. Bank of America Corp DE bought a new position in shares of Via Transportation in the third quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in Via Transportation during the 4th quarter worth about $34,000. Assetmark Inc. bought a new position in Via Transportation in the 3rd quarter worth about $36,000. Strs Ohio purchased a new position in Via Transportation during the 4th quarter valued at about $52,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Via Transportation during the third quarter valued at about $60,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

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.