Caitong International Asset Management Co. Ltd Acquires New Holdings in Pony AI Inc. - Sponsored ADR $PONY

Key Points

• Caitong International Asset Management Co. Ltd has acquired a new stake in Pony AI Inc., purchasing 25,937 shares valued at approximately $229,000.
• Several brokerages have issued favorable ratings for Pony AI, with Daiwa America upgrading it to a "strong-buy" and setting an average target price of $19.40.
• As of its latest report, Pony AI has a 52-week trading range of $4.11 to $23.88 and reported a revenue of $21.45 million for the last quarter.

Caitong International Asset Management Co. Ltd bought a new position in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,937 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PONY. Keystone Investors PTE Ltd. bought a new position in shares of Pony AI in the first quarter valued at about $120,000. Barclays PLC bought a new position in shares of Pony AI in the fourth quarter valued at about $212,000. Yarbrough Capital LLC raised its holdings in shares of Pony AI by 38.0% in the first quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock valued at $882,000 after buying an additional 27,538 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Pony AI in the fourth quarter valued at about $402,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Pony AI in the first quarter valued at about $293,000.

Pony AI Trading Up 1.1%

Shares of NASDAQ PONY traded up $0.17 during mid-day trading on Monday, reaching $16.03. 7,094,536 shares of the company's stock were exchanged, compared to its average volume of 7,907,404. The business has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $13.08. Pony AI Inc. - Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $23.88.

Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $21.45 million during the quarter. Sell-side analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PONY. UBS Group began coverage on Pony AI in a report on Monday, August 4th. They issued a "buy" rating and a $20.00 price target for the company. Wall Street Zen raised Pony AI from a "strong sell" rating to a "hold" rating in a report on Saturday. Daiwa Capital Markets assumed coverage on Pony AI in a report on Sunday, July 27th. They set an "outperform" rating for the company. Finally, Daiwa America raised Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $19.40.

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.