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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.95.

A number of equities research analysts have commented on PONY shares. BNP Paribas Exane started coverage on shares of Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price for the company. Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a research note on Tuesday, May 26th. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a research note on Thursday, April 16th. Barclays dropped 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 research note on Monday, March 30th. Finally, HSBC initiated coverage on shares of Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in shares of Pony AI during the 1st quarter valued at $139,000. Invesco Ltd. purchased a new position in shares of Pony AI during the 2nd quarter valued at $206,000. First Trust Advisors LP purchased a new position in shares of Pony AI during the 2nd quarter valued at $276,000. Marshall Wace LLP lifted its stake in shares of Pony AI by 4.7% during the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock valued at $3,505,000 after buying an additional 11,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Pony AI during the 2nd quarter valued at $64,000.

Pony AI Trading Up 5.0%

NASDAQ:PONY opened at $8.34 on Friday. Pony AI has a 12 month low of $7.91 and a 12 month high of $24.92. The company has a market cap of $3.21 billion, a PE ratio of -23.17 and a beta of 3.83. The company has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $12.30.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) 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 business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Research analysts forecast that Pony AI will post -0.67 earnings per share for the current 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.