Via Transportation (NYSE:VIA) Stock Price Down 10.7% – What’s Next?

Shares of Via Transportation Inc. (NYSE:VIA) fell 10.7% on Tuesday . The company traded as low as $14.86 and last traded at $15.1250. 126,252 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 676,010 shares. The stock had previously closed at $16.93.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VIA. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 price target on shares of Via Transportation in a report on Monday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a research report on Monday, March 2nd. Morgan Stanley lowered their target price on Via Transportation from $41.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Oppenheimer dropped their target price on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Finally, Guggenheim decreased their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Twelve equities research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Via Transportation Trading Down 12.8%

The company has a market capitalization of $1.20 billion and a P/E ratio of -21.43. The stock has a 50 day moving average price of $16.23 and a 200 day moving average price of $26.18.

Via Transportation (NYSE:VIA) last issued its earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. On average, research analysts predict that Via Transportation Inc. will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VIA. Assetmark Inc. boosted its position 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 buying an additional 1,710 shares during the period. Bank of New York Mellon Corp increased its position in Via Transportation by 51.8% in the 1st quarter. Bank of New York Mellon Corp now owns 37,360 shares of the company’s stock valued at $560,000 after acquiring an additional 12,753 shares during the period. Ethos Financial Group LLC acquired a new position in Via Transportation in the 1st quarter valued at approximately $361,000. Principal Financial Group Inc. raised its stake in shares of Via Transportation by 39.6% during the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after acquiring an additional 308,283 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Via Transportation by 43.3% during the first quarter. Stephens Investment Management Group LLC now owns 335,591 shares of the company’s stock worth $5,034,000 after purchasing an additional 101,380 shares during the period. 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.