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 acquired a new stake in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 129,195 shares of the company's stock, valued at approximately $1,138,000.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of Pony AI in the 4th quarter valued at $19,334,000. Alliancebernstein L.P. acquired a new stake in Pony AI during the 4th quarter worth approximately $3,354,000. Pinpoint Asset Management Ltd bought a new position in Pony AI in the fourth quarter valued at approximately $108,000. Pamalican Asset Management Ltd acquired a new position in shares of Pony AI in the fourth quarter valued at approximately $7,917,000. Finally, Ovata Capital Management Ltd bought a new stake in shares of Pony AI during the fourth quarter worth $538,000.

Pony AI Stock Performance

PONY traded down $0.40 on Friday, hitting $13.04. 3,986,499 shares of the company were exchanged, compared to its average volume of 8,756,812. The stock's fifty day moving average is $13.89 and its 200-day moving average is $13.00. 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 issued its earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million for the quarter. As a group, sell-side analysts expect that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PONY. Daiwa America raised Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Daiwa Capital Markets started coverage on Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating for the company. Four 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 has an average rating of "Buy" and a consensus target price of $19.20.

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.