Clear Street Group Inc. Boosts Position in Pony AI Inc. – Sponsored ADR $PONY

Clear Street Group Inc. boosted its holdings in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 19.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,068 shares of the company’s stock after buying an additional 61,670 shares during the quarter. Clear Street Group Inc.’s holdings in Pony AI were worth $5,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PONY. Goldman Sachs Group Inc. acquired a new stake in shares of Pony AI during the 1st quarter worth approximately $139,000. Invesco Ltd. acquired a new stake in shares of Pony AI during the 2nd quarter worth approximately $206,000. First Trust Advisors LP acquired a new stake in shares of Pony AI during the 2nd quarter worth approximately $276,000. Marshall Wace LLP grew its stake in shares of Pony AI by 4.7% during the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after purchasing an additional 11,986 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Pony AI during the 2nd quarter worth approximately $64,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PONY shares. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research note on Thursday, April 16th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research note on Tuesday, May 26th. BNP Paribas Exane started coverage on shares of Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 price objective on the stock. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and an average price target of $19.95.

Pony AI Stock Performance

Pony AI stock opened at $8.15 on Friday. The company’s fifty day moving average price is $9.62 and its 200 day moving average price is $12.45. Pony AI Inc. – Sponsored ADR has a 1 year low of $7.95 and a 1 year high of $24.92. The stock has a market capitalization of $3.14 billion, a P/E ratio of -22.64 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last released its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The firm had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Sell-side analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Pony AI Profile

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.