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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.5750.

PONY has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Zacks Research downgraded shares of Pony AI from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research note on Thursday, April 16th. HSBC started coverage on shares of Pony AI in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 target price for the company. Finally, Barclays lowered their price target on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th.

Pony AI Stock Performance

NASDAQ:PONY opened at $8.92 on Monday. Pony AI has a 1-year low of $7.99 and a 1-year high of $24.92. The business’s fifty day moving average price is $9.98 and its 200 day moving average price is $12.89. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -24.78 and a beta of 4.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. TMT General Partner Ltd increased its position in Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after purchasing an additional 5,024,721 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Pony AI during the 3rd quarter valued at about $89,174,000. Aspex Management HK Ltd lifted its holdings in shares of Pony AI by 728.1% during the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock valued at $93,119,000 after buying an additional 3,640,447 shares during the last quarter. Tiger Global Management LLC grew its stake in shares of Pony AI by 683.8% in the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock valued at $42,050,000 after buying an additional 2,530,000 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in Pony AI in the third quarter worth approximately $53,076,000.

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.