Pony AI (NASDAQ:PONY) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Pony AI (NASDAQ:PONY) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on PONY. Macquarie initiated coverage on Pony AI in a research note on Monday. They set an “outperform” rating and a $29.00 price target on the stock. Citigroup dropped their target price on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Jefferies Financial Group initiated coverage on shares of Pony AI in a research note on Friday, October 10th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.87.

Pony AI Trading Down 2.9%

Shares of PONY opened at $14.17 on Tuesday. The firm has a market cap of $5.46 billion and a PE ratio of -10.05. Pony AI has a 12 month low of $4.11 and a 12 month high of $24.92. The stock has a fifty day moving average price of $16.03 and a 200-day moving average price of $15.51.

Institutional Trading of Pony AI

A number of hedge funds and other institutional investors have recently made changes to their positions in PONY. Banque Cantonale Vaudoise lifted its position in Pony AI by 71.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after purchasing an additional 1,523 shares during the period. Jones Financial Companies Lllp boosted its position in Pony AI by 704.8% in the 3rd 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 in the last quarter. CWM LLC acquired a new stake in shares of Pony AI during the 2nd quarter worth approximately $28,000. FNY Investment Advisers LLC purchased a new position in shares of Pony AI during the 3rd quarter valued at approximately $50,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Pony AI by 29.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock valued at $447,000 after purchasing an additional 4,546 shares during the period.

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.