Pony AI (NASDAQ:PONY) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Pony AI (NASDAQ:PONY) from a hold rating to a sell rating in a research report released on Saturday.

Other research analysts also recently issued research reports about the stock. CLSA assumed coverage on shares of Pony AI in a research note on Friday, January 2nd. They issued an “outperform” rating and a $22.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Barclays initiated coverage on Pony AI in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Finally, Macquarie Infrastructure started coverage on Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Trading Down 6.9%

Shares of NASDAQ:PONY opened at $11.44 on Friday. The stock has a fifty day simple moving average of $14.59 and a two-hundred day simple moving average of $15.96. Pony AI has a 12-month low of $4.11 and a 12-month high of $24.92. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -8.11 and a beta of 6.26.

Institutional Trading of Pony AI

Hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise raised its stake in shares of 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 buying an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft lifted its position in shares of Pony AI by 0.7% during 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 in the last quarter. Money Concepts Capital Corp grew its stake in shares of Pony AI by 2.1% during the 4th quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after acquiring an additional 1,881 shares during the period. Jones Financial Companies Lllp increased its holdings in Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,924 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Pony AI in 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.