Pony AI (NASDAQ:PONY) VP Sells $119,000.42 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Ning Zhang sold 17,347 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $119,000.42. Following the completion of the sale, the vice president directly owned 630,109 shares in the company, valued at $4,322,547.74. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Pony AI Stock Up 1.3%

Shares of NASDAQ PONY traded up $0.09 during trading on Monday, reaching $6.96. The company had a trading volume of 5,563,234 shares, compared to its average volume of 4,469,357. Pony AI Inc. – Sponsored ADR has a 12-month low of $6.66 and a 12-month high of $24.92. The business’s 50-day moving average is $9.23 and its 200 day moving average is $12.01. The stock has a market cap of $2.68 billion, a PE ratio of -19.33 and a beta of 3.85.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping 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 company had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. On average, analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PONY. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. BNP Paribas Exane began coverage on Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price objective on the stock. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Institutional Investors Weigh In On Pony AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. bought a new stake in Pony AI in the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in Pony AI during the 4th quarter valued at $38,000. JPMorgan Chase & Co. lifted its holdings in shares of Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after buying an additional 62,748 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Pony AI during the 3rd quarter valued at $50,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Pony AI in the 2nd quarter worth $64,000.

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.