Pony AI (NASDAQ:PONY) Trading Down 6.7% – Should You Sell?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) shares fell 6.7% during trading on Friday . The stock traded as low as $6.46 and last traded at $6.5150. 1,392,762 shares were traded during trading, a decline of 68% from the average session volume of 4,363,713 shares. The stock had previously closed at $6.98.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 target price on shares of Pony AI in a research report on Tuesday, May 26th. Barclays dropped their price target on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. HSBC assumed coverage on Pony AI in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price objective for the company. Finally, Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pony AI currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI Trading Down 4.6%

The stock has a market cap of $2.57 billion, a PE ratio of -18.50 and a beta of 4.04. The business’s 50-day moving average price is $8.15 and its 200-day moving average price is $11.19.

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

Insider Transactions at Pony AI

In other news, VP Luyi Mo sold 14,460 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $99,195.60. Following the completion of the sale, the vice president owned 350,156 shares of the company’s stock, valued at $2,402,070.16. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Haojun Wang sold 13,751 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $94,331.86. Following the transaction, the chief financial officer owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,558 shares of company stock valued at $312,528.

Institutional Investors Weigh In On Pony AI

Several institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise grew its holdings in shares of 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 buying an additional 1,523 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in shares of Pony AI by 0.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock valued at $3,330,000 after acquiring an additional 1,539 shares during the period. Money Concepts Capital Corp raised its stake in Pony AI by 2.1% in the 4th quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock worth $1,356,000 after acquiring an additional 1,881 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Pony AI in the 3rd quarter worth $50,000. Finally, LPL Financial LLC lifted its position in Pony AI by 14.4% during the 4th quarter. LPL Financial LLC now owns 18,674 shares of the company’s stock worth $271,000 after acquiring an additional 2,353 shares during the period.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.