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

Pony AI (NASDAQ:PONY) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

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

Pony AI Stock Down 2.1%

NASDAQ:PONY opened at $10.53 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of -7.47 and a beta of 6.26. Pony AI has a 12 month low of $4.11 and a 12 month high of $24.92. The company’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $15.84.

Institutional Investors Weigh In On Pony AI

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise grew its position in shares of Pony AI by 71.2% during the 3rd 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 holdings in Pony AI by 0.7% in the fourth 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 during the period. Money Concepts Capital Corp lifted its holdings in Pony AI by 2.1% in the fourth quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after buying an additional 1,881 shares during the period. Jones Financial Companies Lllp boosted its stake in Pony AI by 704.8% in the third 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. Finally, FNY Investment Advisers LLC bought a new position in Pony AI in the third quarter valued at 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.