Pony AI (NASDAQ:PONY) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Pony AI (NASDAQ:PONY) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. BNP Paribas Exane assumed coverage on Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price target for the company. Barclays dropped their price target on 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. HSBC assumed coverage on Pony AI in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.58.

Pony AI Trading Up 6.6%

Shares of PONY stock opened at $11.69 on Friday. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -32.47 and a beta of 6.34. Pony AI has a 12-month low of $4.11 and a 12-month high of $24.92. The stock’s 50-day moving average price is $11.87 and its 200-day moving average price is $14.73.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PONY. Goldman Sachs Group Inc. purchased a new position in shares of Pony AI during the first quarter valued at approximately $139,000. Invesco Ltd. purchased a new position in shares of Pony AI during the second quarter valued at approximately $206,000. First Trust Advisors LP purchased a new position in shares of Pony AI during the second quarter valued at approximately $276,000. Marshall Wace LLP boosted its position 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 valued at $3,505,000 after buying an additional 11,986 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Pony AI during the second quarter valued at approximately $64,000.

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.