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

Pony AI (NASDAQ:PONY) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

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

Pony AI Trading Down 1.6%

PONY opened at $14.07 on Friday. The company has a market cap of $5.42 billion, a P/E ratio of -9.98 and a beta of 6.39. The company’s 50 day moving average is $15.21 and its 200-day moving average is $16.12. Pony AI has a 1-year low of $4.11 and a 1-year high of $24.92.

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

Institutional Investors Weigh In On Pony AI

Institutional investors have recently made changes to their positions in the stock. CWM LLC bought a new position in shares of Pony AI during the second quarter worth about $28,000. Leonteq Securities AG bought a new stake in Pony AI in the fourth quarter valued at approximately $38,000. Jones Financial Companies Lllp increased its position in 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 purchasing an additional 1,924 shares during the period. JPMorgan Chase & Co. raised its holdings in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of 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.