264,800 Shares in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Purchased by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has acquired 264,800 shares of Pony AI Inc., valued at approximately $2.3 million, increasing its stake to 0.08% of the company.
• Pony AI stock has recently seen a decline of 8.5%, with current trading values around $13.53, down from a twelve month high of $23.88.
• Analysts have a consensus rating of "Buy" for Pony AI, with an average target price of $19.20 following several upgrades from equities research analysts.

Banque Cantonale Vaudoise bought a new position in shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 264,800 shares of the company's stock, valued at approximately $2,336,000. Banque Cantonale Vaudoise owned 0.08% of Pony AI as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toyota Motor Corp bought a new stake in shares of Pony AI in the fourth quarter valued at about $647,421,000. Ontario Teachers Pension Plan Board acquired a new position in Pony AI during the 4th quarter worth approximately $310,559,000. Aspex Management HK Ltd bought a new position in shares of Pony AI during the 4th quarter worth approximately $34,091,000. Carlyle Group Inc. acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $33,901,000. Finally, Wellington Management Group LLP bought a new stake in shares of Pony AI in the fourth quarter worth $19,334,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PONY. Daiwa Capital Markets began coverage on shares of Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating on the stock. Daiwa America upgraded Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $19.20.

Pony AI Trading Down 3.0%

PONY stock traded down $0.40 during midday trading on Friday, reaching $13.04. 3,986,499 shares of the company were exchanged, compared to its average volume of 8,756,812. The business has a 50-day moving average price of $13.80 and a two-hundred day moving average price of $12.99. Pony AI Inc. - Sponsored ADR has a one year low of $4.11 and a one year high of $23.88.

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

About Pony AI

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.