Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.95.

A number of analysts recently weighed in on the stock. HSBC began coverage on shares of Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 target price on the stock. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a report on Thursday, April 16th. Barclays dropped their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Finally, Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th.

Pony AI Price Performance

PONY opened at $6.71 on Tuesday. Pony AI has a 12 month low of $6.36 and a 12 month high of $24.92. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -18.64 and a beta of 4.04. The business has a fifty day moving average price of $8.10 and a 200 day moving average price of $11.10.

Pony AI (NASDAQ:PONY) last posted 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. The company had revenue of $34.25 million for the quarter, compared to analyst estimates of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. On average, research analysts anticipate that Pony AI will post -0.67 earnings per share for the current year.

Insider Activity at Pony AI

In other Pony AI news, VP Luyi Mo sold 14,460 shares of Pony AI stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $99,195.60. Following the completion of the sale, the vice president directly owned 350,156 shares of the company’s stock, valued at $2,402,070.16. The trade was a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $94,331.86. Following the sale, the chief financial officer directly owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,558 shares of company stock valued at $312,528 over the last quarter.

Institutional Investors Weigh In On Pony AI

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Pony AI by 93.3% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 145,000 shares of the company’s stock worth $1,008,000 after purchasing an additional 70,000 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Pony AI in the first quarter valued at approximately $1,042,000. First Trust Advisors LP increased its stake in Pony AI by 32.3% in the first quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock valued at $125,000 after purchasing an additional 3,236 shares during the last quarter. TMT General Partner Ltd increased its stake in Pony AI by 262.1% in the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after purchasing an additional 5,024,721 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Pony AI during the first quarter worth approximately $553,000.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.