Cresset Asset Management LLC 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 Form 13F filing with the SEC. The fund bought 50,000 shares of the company's stock, valued at approximately $441,000.
Other institutional investors have also made changes to their positions in the company. Keystone Investors PTE Ltd. acquired a new position in Pony AI in the 1st quarter valued at $120,000. Barclays PLC bought a new stake in shares of Pony AI during the 4th quarter valued at $212,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pony AI during the 1st quarter valued at $229,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Pony AI during the 1st quarter valued at $293,000. Finally, Prudential PLC bought a new stake in shares of Pony AI during the 1st quarter valued at $334,000.
Pony AI Stock Performance
Shares of PONY stock traded down $0.29 during mid-day trading on Wednesday, reaching $14.53. 3,684,749 shares of the stock traded hands, compared to its average volume of 6,660,793. The stock's fifty day simple moving average is $13.80 and its two-hundred day simple moving average is $13.18. Pony AI Inc. - Sponsored ADR has a 1-year low of $4.11 and a 1-year high of $23.88.
Pony AI (NASDAQ:PONY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $21.45 million during the quarter. Equities research analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PONY. Daiwa Capital Markets began coverage on Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating for the company. Daiwa America upgraded Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Wall Street Zen upgraded Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, UBS Group began coverage on Pony AI in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $19.40.
Read Our Latest Stock Analysis on PONY
About Pony AI
(
Free Report)
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.
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