Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $22.10 Consensus Target Price from Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.10.

Several equities research analysts have weighed in on PONY shares. Jefferies Financial Group started coverage on Pony AI in a report on Friday, October 10th. They issued a “buy” rating for the company. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research note on Thursday. Macquarie assumed coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price on the stock. Finally, CLSA started coverage on shares of Pony AI in a report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price target for the company.

Pony AI Price Performance

Shares of PONY stock opened at $16.44 on Tuesday. The company has a market capitalization of $6.33 billion, a P/E ratio of -11.66 and a beta of 6.42. The company’s 50-day simple moving average is $14.84 and its two-hundred day simple moving average is $16.05. Pony AI has a one year low of $4.11 and a one year high of $24.92.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.16) earnings per share for the quarter. Pony AI had a negative net margin of 350.98% and a negative return on equity of 37.99%. The company had revenue of $25.44 million for the quarter. On average, research analysts expect that Pony AI will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Pony AI

Large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise increased its holdings in shares of Pony AI by 71.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after acquiring an additional 1,523 shares during the period. Jones Financial Companies Lllp boosted its position in Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,924 shares in the last quarter. CWM LLC bought a new stake in Pony AI during the second quarter valued at about $28,000. FNY Investment Advisers LLC purchased a new position in Pony AI in the third quarter valued at about $50,000. Finally, SBI Securities Co. Ltd. raised its holdings in Pony AI by 29.7% in the third quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock worth $447,000 after purchasing an additional 4,546 shares in the last quarter.

About Pony AI

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.