Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.57 Average Price Target from Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.5750.

Several research firms have commented on PONY. Bank of America cut their price objective on Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Weiss Ratings lowered Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a research report on Tuesday, May 26th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th.

Pony AI Price Performance

Shares of NASDAQ PONY opened at $7.35 on Wednesday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -20.42 and a beta of 3.87. The company’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $9.27. Pony AI has a 52-week low of $6.36 and a 52-week high of $24.92.

Insider Transactions at Pony AI

In related news, VP Luyi Mo sold 14,460 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the completion of the sale, the vice president owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Haojun Wang sold 13,751 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the completion of the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 45,558 shares of company stock valued at $312,528.

Hedge Funds Weigh In On Pony AI

Institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise grew its position in Pony AI by 71.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after acquiring an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in Pony AI by 0.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock valued at $3,330,000 after buying an additional 1,539 shares during the period. Money Concepts Capital Corp raised its holdings in Pony AI by 2.1% in the 4th quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after buying an additional 1,881 shares during the period. LPL Financial LLC lifted its position in Pony AI by 14.4% in the fourth quarter. LPL Financial LLC now owns 18,674 shares of the company’s stock valued at $271,000 after buying an additional 2,353 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Pony AI in the fourth quarter valued at about $38,000.

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.