Via Transportation Inc. $VIA Stock: Inspire Investing LLC Decreases Position

Inspire Investing LLC cut its stake in shares of Via Transportation Inc. (NYSE:VIA) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,911 shares of the company’s stock after selling 15,766 shares during the quarter. Inspire Investing LLC’s holdings in Via Transportation were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Via Transportation by 39.6% in the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after purchasing an additional 308,283 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Via Transportation by 41.9% in the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after acquiring an additional 252,381 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Via Transportation by 222.4% in the 1st quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock worth $4,942,000 after acquiring an additional 227,300 shares during the last quarter. Weiss Asset Management LP purchased a new position in Via Transportation during the 1st quarter valued at about $2,433,000. Finally, Bank of New York Mellon Corp purchased a new position in Via Transportation during the 2nd quarter valued at about $2,437,000. Institutional investors own 74.40% of the company’s stock.

Insider Activity

In other news, Director Nechemia Peres bought 10,080 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $24.74 per share, for a total transaction of $249,379.20. Following the completion of the purchase, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. This represents a 33.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 39.28% of the company’s stock.

Via Transportation Stock Up 1.2%

Shares of NYSE VIA opened at $36.44 on Friday. The company has a 50 day simple moving average of $30.17 and a two-hundred day simple moving average of $21.12. Via Transportation Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $54.82.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.19. The company had revenue of $135.71 million for the quarter. Via Transportation had a negative return on equity of 12.33% and a negative net margin of 20.04%. Analysts predict that Via Transportation Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VIA shares. Oppenheimer lifted their price objective on Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a research report on Monday, September 14th. Morgan Stanley raised their price objective on shares of Via Transportation from $24.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Wells Fargo & Company increased their target price on Via Transportation from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 13th. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

Via Transportation Company Profile

Via Transportation, Inc (NYSE: VIA) is a transportation technology company that provides software and services for public transit agencies, corporations, universities, schools and other organizations. Its platform is designed to help manage on-demand and fixed-route transportation, including shared rides, paratransit, microtransit and shuttle services.

The company’s technology supports functions such as vehicle and driver management, routing, scheduling, rider booking, payments, customer communications and performance analysis.