Pony AI (NASDAQ:PONY) Sees Unusually-High Trading Volume – Still a Buy?

Posted by Alphonse Anthony on Feb 12th, 2025

Pony AI Inc. (NASDAQ:PONY – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 743,252 shares were traded during trading, a decline of 8% from the previous session’s volume of 806,568 shares.The stock last traded at $14.92 and had previously closed at $14.00.

Wall Street Analysts Forecast Growth

PONY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a report on Tuesday, January 14th. They set a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Pony AI in a research note on Monday, December 23rd. They issued a “buy” rating and a $19.60 target price for the company. Finally, Bank of America began coverage on Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $18.00 price target on the stock.

Check Out Our Latest Analysis on Pony AI

Pony AI Trading Down 6.2 %

The stock’s fifty day moving average is $13.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PONY. IDG China Venture Capital Fund IV Associates L.P. acquired a new stake in shares of Pony AI during the fourth quarter worth $144,973,000. IDG China Capital Fund III Associates L.P. acquired a new position in Pony AI during the fourth quarter valued at approximately $93,700,000. Lingotto Investment Management LLP bought a new stake in Pony AI in the fourth quarter valued at approximately $17,220,000. Neumann Advisory Hong Kong Ltd acquired a new stake in Pony AI in the fourth quarter worth $14,808,000. Finally, Robeco Schweiz AG bought a new position in shares of Pony AI during the fourth quarter worth $8,811,000.

Pony AI Company Profile

(Get Free Report)

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.