Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.95.

PONY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research report on Thursday, April 16th. HSBC began coverage on shares of Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price objective for the company. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research report on Tuesday, May 26th. Finally, Barclays lowered their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th.

Pony AI Price Performance

NASDAQ:PONY opened at $10.03 on Monday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -27.86 and a beta of 3.85. The company’s 50-day moving average is $9.79 and its two-hundred day moving average is $12.69. Pony AI has a 1-year low of $7.99 and a 1-year high of $24.92.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $34.25 million for the quarter, compared to analyst estimates of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. As a group, equities analysts anticipate that Pony AI will post -0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pony AI

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new position in shares of Pony AI during the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new position in shares of Pony AI during the 4th quarter worth approximately $38,000. Jones Financial Companies Lllp boosted its position in shares of Pony AI by 704.8% during 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 during the period. JPMorgan Chase & Co. boosted its position 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 worth $47,000 after purchasing an additional 62,748 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Pony AI during the 3rd quarter worth approximately $50,000.

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.