Pony AI (NASDAQ:PONY) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Pony AI (NASDAQ:PONY) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other equities research analysts have also recently issued reports on PONY. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. Citigroup dropped their price objective on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research note on Friday, November 7th. Macquarie began coverage on shares of Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective for the company. Barclays began coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Pony AI in a research report on Friday, October 10th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.70.

Pony AI Price Performance

PONY opened at $16.28 on Friday. The business has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $15.54. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92. The company has a market capitalization of $6.27 billion and a PE ratio of -11.55.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares in the last quarter. CWM LLC bought a new stake in shares of Pony AI during the second quarter worth about $28,000. Jones Financial Companies Lllp grew its holdings in shares of Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Pony AI in the third quarter valued at approximately $50,000. Finally, Banque Cantonale Vaudoise raised its holdings in 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 buying an additional 1,523 shares during the last quarter.

Pony AI Company 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.