Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Given Consensus Rating of “Buy” by Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.40.

A number of brokerages have recently issued reports on PONY. Daiwa America raised shares of Pony AI to a “strong-buy” rating in a report on Sunday, July 27th. Wall Street Zen raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Daiwa Capital Markets assumed coverage on shares of Pony AI in a report on Sunday, July 27th. They set an “outperform” rating on the stock. Finally, UBS Group assumed coverage on shares of Pony AI in a report on Monday, August 4th. They issued a “buy” rating and a $20.00 price objective on the stock.

Pony AI Price Performance

Pony AI stock opened at $14.53 on Friday. The stock has a fifty day simple moving average of $13.80 and a two-hundred day simple moving average of $13.18. Pony AI has a 12 month low of $4.11 and a 12 month high of $23.88.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $21.45 million for the quarter. Analysts expect that Pony AI will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pony AI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Johns Hopkins University purchased a new position in shares of Pony AI in the second quarter worth approximately $207,000. Nikko Asset Management Americas Inc. purchased a new position in shares of Pony AI in the second quarter worth approximately $3,848,000. Rafferty Asset Management LLC purchased a new position in shares of Pony AI in the second quarter worth approximately $270,000. Mission Creek Capital Partners Inc. purchased a new position in shares of Pony AI in the second quarter worth approximately $335,000. Finally, HSG Holding Ltd purchased a new position in shares of Pony AI in the second quarter worth approximately $78,184,000.

Pony AI Company Profile

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.