Pony AI Inc. - Sponsored ADR (PONY) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus on Pony AI, with seven buys, two holds and one sell among 10 analysts. The average 12-month price target is $19.57, though Bank of America recently cut its target to $17.
• Company insiders sold 41,700 shares worth approximately $296,000 over the past 90 days, while several institutional investors opened or expanded positions in Pony AI.
• PONY shares opened at $5.04, near their 52-week low of $4.90 and well below the 52-week high of $22.46. The stock’s 50-day and 200-day moving averages were $6.74 and $7.94, respectively.

Shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.57.

Several equities analysts have recently commented on PONY shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Pony AI in a research note on Tuesday, September 8th. Jefferies Financial Group restated a "buy" rating on shares of Pony AI in a research note on Tuesday, August 18th. Bank of America dropped their price target on shares of Pony AI from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, August 18th. Finally, BNP Paribas Exane raised shares of Pony AI from a "neutral" rating to an "outperform" rating in a report on Thursday, August 20th.

Insider Buying and Selling at Pony AI

In other Pony AI news, VP Ning Zhang sold 15,524 shares of the firm's stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $110,220.40. Following the completion of the transaction, the vice president directly owned 645,835 shares of the company's stock, valued at $4,585,428.50. This trade represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Haojun Wang sold 13,751 shares of the firm's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $97,632.10. Following the transaction, the chief financial officer directly owned 1,463,466 shares of the company's stock, valued at approximately $10,390,608.60. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,700 shares of company stock worth $296,070 in the last ninety days.

Hedge Funds Weigh In On Pony AI

Several large investors have recently modified their holdings of the stock. Vontobel Holding Ltd. acquired a new position in Pony AI in the third quarter worth about $178,000. Green Alpha Advisors LLC increased its holdings in Pony AI by 6.9% in the third quarter. Green Alpha Advisors LLC now owns 44,330 shares of the company's stock valued at $290,000 after buying an additional 2,846 shares during the last quarter. Altar Rock LLC acquired a new stake in Pony AI during the second quarter valued at approximately $158,000. Nykredit A S acquired a new stake in Pony AI during the second quarter valued at approximately $74,000. Finally, Corient Private Wealth LP acquired a new stake in Pony AI during the second quarter valued at approximately $89,000.

Pony AI Stock Down 4.5%

PONY stock opened at $5.04 on Thursday. The stock's 50 day moving average is $6.74 and its two-hundred day moving average is $7.94. Pony AI has a 52-week low of $4.90 and a 52-week high of $22.46. The company has a market capitalization of $2.19 billion, a PE ratio of -14.00 and a beta of 3.89.

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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