Pony AI (NASDAQ:PONY) VP Sells $99,195.60 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 14,460 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $99,195.60. Following the completion of the transaction, the vice president directly owned 350,156 shares of the company’s stock, valued at $2,402,070.16. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pony AI Price Performance

PONY stock traded up $0.09 during mid-day trading on Monday, reaching $6.96. 5,563,234 shares of the company’s stock were exchanged, compared to its average volume of 4,469,357. Pony AI Inc. – Sponsored ADR has a 12-month low of $6.66 and a 12-month high of $24.92. The stock’s 50 day moving average is $9.23 and its 200 day moving average is $12.01. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -19.33 and a beta of 3.85.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The business had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. On average, research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of Pony AI

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after purchasing an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Pony AI during the 3rd quarter worth $50,000. Leonteq Securities AG acquired a new stake in Pony AI during the 4th quarter worth $38,000. Blue Trust Inc. purchased a new stake in shares of Pony AI during the first quarter worth $30,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Pony AI by 71.2% during 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 in the last quarter.

Analyst Ratings Changes

PONY has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. BNP Paribas Exane assumed coverage on shares of Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price on the stock. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. HSBC began coverage on shares of Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 target price for the company. Finally, Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

About Pony AI

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.