Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.57 Consensus PT from Brokerages

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.5750.

A number of equities analysts recently commented on the stock. Bank of America decreased their target price on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Weiss Ratings cut Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Jefferies Financial Group reissued a “buy” rating on shares of Pony AI in a research note on Tuesday, August 18th. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th.

Insiders Place Their Bets

In other news, CFO Haojun Wang sold 13,751 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $94,331.86. Following the transaction, the chief financial officer owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Luyi Mo sold 14,460 shares of Pony AI 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 directly owned 350,156 shares in the company, valued at approximately $2,402,070.16. The trade was a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,558 shares of company stock valued at $312,528 in the last ninety days.

Institutional Investors Weigh In On Pony AI

Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in Pony AI in the 1st quarter worth $139,000. Invesco Ltd. bought a new position in shares of Pony AI during the second quarter valued at about $206,000. First Trust Advisors LP purchased a new stake in shares of Pony AI during the second quarter worth about $276,000. Marshall Wace LLP boosted its holdings in shares of Pony AI by 4.7% during the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after purchasing an additional 11,986 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Pony AI during the second quarter worth about $64,000.

Pony AI Stock Performance

Shares of Pony AI stock opened at $7.18 on Wednesday. Pony AI has a 52-week low of $6.36 and a 52-week high of $24.92. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -19.94 and a beta of 3.87. The company has a fifty day moving average of $7.42 and a 200-day moving average of $9.18.

About Pony AI

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.