Via Transportation Inc. $VIA Shares Newly Bought by Vontobel Holding Ltd.

by · The Markets Daily

Vontobel Holding Ltd. acquired a new stake in shares of Via Transportation Inc. (NYSE:VIA – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 36,400 shares of the company’s stock, valued at approximately $1,101,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Via Transportation by 0.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock worth $45,107,000 after acquiring an additional 6,395 shares during the period. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 308,283 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Via Transportation by 41.9% in the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after purchasing an additional 252,381 shares during the period. Stephens Investment Management Group LLC boosted its position in shares of Via Transportation by 43.3% in 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. Finally, Renaissance Technologies LLC boosted its position in shares of Via Transportation by 222.4% in the first quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock worth $4,942,000 after purchasing an additional 227,300 shares during the period. 74.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. Wells Fargo & Company lifted their target price on shares of Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Via Transportation in a research note on Monday, September 14th. Morgan Stanley upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Via Transportation in a research note on Wednesday, October 7th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

View Our Latest Report on VIA

Via Transportation Trading Up 3.2%

Via Transportation stock opened at $32.95 on Tuesday. Via Transportation Inc. has a 1 year low of $12.95 and a 1 year high of $55.20. The firm’s 50 day moving average price is $28.43 and its 200-day moving average price is $20.90.

Via Transportation (NYSE:VIA – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.19. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. The firm had revenue of $135.71 million for the quarter. On average, equities analysts forecast that Via Transportation Inc. will post -0.81 EPS for the current year.

Insiders Place Their Bets

In related news, Director Nechemia Peres purchased 10,080 shares of Via Transportation stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $24.74 per share, for a total transaction of $249,379.20. Following the acquisition, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. The trade was a 33.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.28% of the company’s stock.

About Via Transportation

(Free Report)

Via Transportation, Inc is a transportation technology company that provides software and operational services for on-demand and shared public transit. Its platform helps transit agencies, municipalities, schools, universities and private organizations plan, book, route and manage flexible transportation services.

Via’s products support services such as microtransit, paratransit, demand-responsive bus networks, school transportation and transportation-as-a-service programs. The company’s technology is designed to match riders with vehicles, optimize routes and improve the efficiency and accessibility of local transportation systems.

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