Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.95 Average PT from Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $19.95.

A number of analysts recently weighed in on PONY shares. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. The Goldman Sachs Group set a $30.00 target price on shares of Pony AI in a research report on Thursday, April 16th. HSBC assumed coverage on Pony AI in a report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. Finally, BNP Paribas Exane started coverage on Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price objective for the company.

Insiders Place Their Bets

In other Pony AI news, VP Luyi Mo sold 14,460 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 transaction of $99,195.60. Following the completion of the transaction, the vice president owned 350,156 shares in the company, valued at approximately $2,402,070.16. The trade was a 3.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $119,000.42. Following the completion of the sale, the vice president directly owned 630,109 shares of the company’s stock, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 45,558 shares of company stock worth $312,528.

Institutional Trading of Pony AI

Institutional investors have recently made changes to their positions in the stock. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Pony AI by 93.3% in 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 period. Quantinno Capital Management LP acquired a new position in shares of Pony AI during the 1st quarter valued at $1,042,000. First Trust Advisors LP increased its position in shares of Pony AI by 32.3% during the 1st 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 period. TMT General Partner Ltd raised its stake in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Pony AI in the 1st quarter worth $553,000.

Pony AI Price Performance

NASDAQ:PONY opened at $6.66 on Tuesday. Pony AI has a 12-month low of $6.36 and a 12-month high of $24.92. The firm has a market capitalization of $2.57 billion, a P/E ratio of -18.50 and a beta of 4.04. The business has a 50 day simple moving average of $8.15 and a 200 day simple moving average of $11.19.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Research analysts anticipate that Pony AI will post -0.67 EPS for the current fiscal year.

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.