Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Pony AI “Moderate Buy”: Seven of ten analysts recommend buying the stock, while two rate it a hold and one a sell. The average 12-month price target is $19.575.
• PONY shares opened at $7.02, near the lower end of their 52-week range of $6.36 to $24.92. The company has a market capitalization of approximately $3.05 billion and a negative price-to-earnings ratio.
• Insiders sold 45,558 shares worth approximately $312,528 over the past 90 days, while several institutional investors—including Goldman Sachs, Invesco and First Trust—initiated positions.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.5750.

Several equities analysts have recently commented on PONY shares. BNP Paribas Exane raised shares of Pony AI from a "neutral" rating to an "outperform" rating in a report on Thursday, August 20th. 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 reaffirmed an "outperform" rating and set a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a "buy" rating on shares of Pony AI in a report on Tuesday, August 18th. Finally, Weiss Ratings cut shares of Pony AI from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, June 11th.

Insider Activity

In other news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $94,331.86. Following the sale, the chief financial officer directly owned 1,442,504 shares of the company's stock, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Luyi Mo sold 14,460 shares of the business's stock in a transaction dated 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 in the company, valued at $2,402,070.16. This represents a 3.97% decrease in their ownership of the stock. 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 over the last 90 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Pony AI during the 1st quarter valued at approximately $139,000. Invesco Ltd. bought a new stake in Pony AI in the second quarter worth $206,000. First Trust Advisors LP purchased a new stake in Pony AI during the second quarter valued at $276,000. Marshall Wace LLP raised its stake in Pony AI by 4.7% during the second quarter. Marshall Wace LLP now owns 265,503 shares of the company's stock valued at $3,505,000 after purchasing an additional 11,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI during the second quarter valued at $64,000.

Pony AI Price Performance

PONY stock opened at $7.02 on Wednesday. Pony AI has a 1-year low of $6.36 and a 1-year high of $24.92. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -19.50 and a beta of 3.88. The business has a 50 day simple moving average of $7.40 and a two-hundred day simple moving average of $9.41.

Pony AI Company Profile

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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