Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.94 Consensus Target Price from Analysts

by · The Markets Daily

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.9429.

A number of brokerages have issued reports on PONY. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th.

Get Our Latest Research Report on Pony AI

Pony AI Trading Down 2.3%

Shares of NASDAQ:PONY opened at $8.14 on Friday. The stock’s fifty day simple moving average is $7.54 and its two-hundred day simple moving average is $10.02. Pony AI has a 1-year low of $6.36 and a 1-year high of $24.92. The stock has a market cap of $3.54 billion, a PE ratio of -22.61 and a beta of 3.96.

Pony AI (NASDAQ:PONY – Get Free Report) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to analyst estimates of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. On average, sell-side 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, VP Luyi Mo sold 14,460 shares of Pony AI stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $99,195.60. Following the sale, the vice president owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the completion of the transaction, the vice president owned 630,109 shares in the company, valued at approximately $4,322,547.74. The trade was a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,558 shares of company stock worth $312,528 in the last quarter.

Hedge Funds Weigh In On Pony AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PONY. TMT General Partner Ltd boosted its holdings 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 buying an additional 5,024,721 shares during the period. Lingotto Investment Management LLP raised its stake in shares of Pony AI by 72.6% during the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after purchasing an additional 1,727,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Pony AI during the 3rd quarter valued at $89,174,000. Tiger Global Management LLC lifted its holdings 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 purchasing an additional 2,530,000 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Pony AI by 31.0% during the 4th quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company’s stock worth $41,193,000 after purchasing an additional 671,606 shares in the last quarter.

Pony AI Company Profile

(Get Free Report)

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.

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