Via Transportation (NYSE:VIA) CEO Purchases $49,994.00 in Stock

Via Transportation Inc. (NYSE:VIA) CEO Daniel Ramot bought 3,571 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $14.00 per share, for a total transaction of $49,994.00. Following the completion of the acquisition, the chief executive officer directly owned 2,420,957 shares in the company, valued at approximately $33,893,398. This trade represents a 0.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Daniel Ramot also recently made the following trade(s):

• On Friday, June 12th, Daniel Ramot bought 3,333 shares of Via Transportation stock. The stock was bought at an average cost of $14.94 per share, for a total transaction of $49,795.02.

Via Transportation Price Performance

Shares of NYSE:VIA traded down $0.76 during trading on Tuesday, reaching $14.22. The company had a trading volume of 1,052,823 shares, compared to its average volume of 721,946. The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of -15.29. The stock’s fifty day moving average price is $15.53 and its 200 day moving average price is $20.45. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $56.31.

Institutional Investors Weigh In On Via Transportation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $29,000. Assetmark Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation during the 4th quarter valued at approximately $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $60,000. Finally, Strs Ohio acquired a new stake in shares of Via Transportation during the 4th quarter valued at approximately $52,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

More Via Transportation News

Here are the key news stories impacting Via Transportation this week:

• Neutral Sentiment: Via Transportation inked a 55,000-square-foot lease at 2 Park Avenue, a sign of continued operational growth, but the news is not material enough to outweigh the legal overhang. Tech Firm Via Transportation Inks 55K SF at Haddad Brands’ 2 Park Avenue
• Negative Sentiment: Several firms announced or reiterated a class action lawsuit tied to Via’s IPO, increasing investor concern about alleged misstatements in offering documents. Investor Alert: Pomerantz Law Firm Reminds Investors…
• Negative Sentiment: Law-firm notices highlighted a deadline for investors to seek lead-plaintiff status in the securities case, keeping the litigation in focus and reinforcing the stock’s legal overhang. Via Transportation, Inc. Securities Class Action Result…
• Negative Sentiment: Additional class-action reminders from Rosen, Glancy, Schall, Robbins Geller, The Gross Law Firm, and others suggest broad legal scrutiny of Via’s IPO disclosures. ROSEN…Encourages Via Transportation, Inc. Investors…

Analyst Upgrades and Downgrades

VIA has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $24.00 price objective on shares of Via Transportation in a research note on Tuesday, May 12th. Oppenheimer reissued an “outperform” rating and issued a $25.00 price objective on shares of Via Transportation in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft set a $25.00 price target on Via Transportation in a report on Wednesday, May 13th. Raymond James Financial set a $19.00 price objective on Via Transportation in a report on Tuesday, May 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday, March 2nd. Twelve 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.10.

About Via Transportation

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.