Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.2286.

PONY has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Zacks Research downgraded shares of Pony AI from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Monday, March 30th. BNP Paribas Exane started coverage on shares of Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price on the stock. Finally, Macquarie Infrastructure started coverage on shares of Pony AI in a research note on Monday, December 15th. They set an “outperform” rating and a $29.00 target price on the stock.

Institutional Trading of Pony AI

Several large investors have recently made changes to their positions in PONY. Leonteq Securities AG acquired a new position in Pony AI during the 4th quarter worth approximately $38,000. Jones Financial Companies Lllp increased its holdings in shares of Pony AI by 704.8% during 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Pony AI by 103.5% during the third 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 period. FNY Investment Advisers LLC bought a new position in shares of Pony AI in the 3rd quarter worth $50,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Pony AI in the 2nd quarter valued at $64,000.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $9.22 on Friday. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92. The business’s 50-day moving average is $12.71 and its 200-day moving average is $15.48. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of -25.61 and a beta of 6.34.

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.