Baader Bank Aktiengesellschaft Invests $1.14 Million in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY)

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Pony AI Inc., purchasing 129,195 shares valued at approximately $1.14 million during the 1st quarter.
• Pony AI has seen multiple hedge funds modify their holdings, with some new stakes valued at up to $402,000, indicating growing interest from institutional investors.
• Research analysts have rated Pony AI with an average "Buy" recommendation and a target price of $19.20, reflecting positive market sentiment despite a recent 8.5% decline in share value.

Baader Bank Aktiengesellschaft bought a new position in shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 129,195 shares of the company's stock, valued at approximately $1,138,000.

Several other institutional investors also recently added to or reduced their stakes in PONY. Toyota Motor Corp bought a new stake in shares of Pony AI in the fourth quarter valued at approximately $647,421,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Pony AI during the fourth quarter worth $310,559,000. Aspex Management HK Ltd purchased a new stake in shares of Pony AI during the fourth quarter worth $34,091,000. Carlyle Group Inc. bought a new position in shares of Pony AI in the fourth quarter worth $33,901,000. Finally, Wellington Management Group LLP purchased a new position in shares of Pony AI in the fourth quarter valued at $19,334,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Daiwa Capital Markets assumed coverage on Pony AI in a research note on Sunday, July 27th. They issued an "outperform" rating for the company. Daiwa America raised shares of Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $19.20.

Pony AI Stock Performance

Shares of PONY traded down $0.40 during trading hours on Friday, reaching $13.04. 3,986,499 shares of the company's stock traded hands, compared to its average volume of 8,756,812. The firm's 50 day simple moving average is $13.80 and its 200-day simple moving average is $12.99. Pony AI Inc. - Sponsored ADR has a 12 month low of $4.11 and a 12 month high of $23.88.

Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $13.98 million for the quarter. As a group, equities analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.