Amova Asset Management Americas Inc. Increases Position in Pony AI Inc. – Sponsored ADR $PONY

Amova Asset Management Americas Inc. boosted its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 266.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,974,499 shares of the company’s stock after acquiring an additional 1,435,358 shares during the period. Amova Asset Management Americas Inc.’s holdings in Pony AI were worth $28,630,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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. FNY Investment Advisers LLC purchased a new position in Pony AI during the third quarter valued at $50,000. Leonteq Securities AG purchased a new position in Pony AI during the fourth quarter valued at $38,000. Finally, Banque Cantonale Vaudoise grew its stake in Pony AI by 71.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after acquiring an additional 1,523 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PONY shares. Barclays cut their target price on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Macquarie Infrastructure reissued an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a research note on Tuesday, May 26th. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings raised shares of Pony AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pony AI currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Pony AI Price Performance

Shares of PONY opened at $8.59 on Wednesday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of -23.86 and a beta of 3.83. The company has a 50-day moving average of $9.67 and a 200 day moving average of $12.53. Pony AI Inc. – Sponsored ADR has a 1-year low of $7.99 and a 1-year high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The firm had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. On average, equities analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

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.