Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.42.

PONY has been the subject of several recent analyst reports. UBS Group began coverage on Pony AI in a research note on Monday, August 4th. They issued a “buy” rating and a $20.00 price target for the company. Citigroup lowered their target price on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. Wall Street Zen upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group began coverage on Pony AI in a research note on Friday, October 10th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Pony AI

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 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 buying an additional 1,523 shares during the last quarter. Jones Financial Companies Lllp lifted 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 valued at $47,000 after acquiring an additional 1,924 shares during the last quarter. CWM LLC bought a new stake in shares of Pony AI during the 2nd quarter worth $28,000. SBI Securities Co. Ltd. grew its holdings in shares of Pony AI by 29.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock worth $447,000 after acquiring an additional 4,546 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Pony AI during the second quarter worth $64,000.

Pony AI Trading Up 1.6%

Shares of NASDAQ:PONY opened at $13.67 on Monday. The firm’s 50 day moving average is $18.11 and its two-hundred day moving average is $15.85. The firm has a market capitalization of $5.27 billion and a P/E ratio of -9.69. Pony AI has a 52 week low of $4.11 and a 52 week high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, November 25th. The company reported ($0.16) earnings per share (EPS) for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%.The business had revenue of $25.44 million during the quarter. Analysts predict that Pony AI will post -0.38 EPS for the current year.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.