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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.95.

PONY has been the topic of a number of research reports. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 target price on shares of Pony AI in a research report on Thursday, April 16th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane began coverage on shares of Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 price target on the stock.

Pony AI Stock Performance

Shares of NASDAQ:PONY opened at $6.69 on Tuesday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -18.58 and a beta of 4.04. The stock’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $11.40. Pony AI has a 52-week low of $6.36 and a 52-week high of $24.92.

Pony AI (NASDAQ:PONY) last released its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. As a group, equities analysts forecast that Pony AI will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Pony AI

In related news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $94,331.86. Following the transaction, the chief financial officer directly owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ning Zhang sold 17,347 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the sale, the vice president directly owned 630,109 shares of the company’s stock, valued at $4,322,547.74. This represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 45,558 shares of company stock worth $312,528 in the last three months.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PONY. TMT General Partner Ltd grew its stake in shares of Pony AI by 262.1% during the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after acquiring an additional 5,024,721 shares during the period. Lingotto Investment Management LLP increased its holdings in Pony AI by 72.6% in the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock worth $59,559,000 after acquiring an additional 1,727,620 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Pony AI during the 3rd quarter worth approximately $89,174,000. Tiger Global Management LLC raised its stake in Pony AI by 683.8% during the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after acquiring an additional 2,530,000 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Pony AI by 31.0% during the fourth quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company’s stock valued at $41,193,000 after purchasing an additional 671,606 shares in the last quarter.

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.