Goldman Sachs Group Inc. acquired a new position in shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,805 shares of the company's stock, valued at approximately $139,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Pony AI by 3,136.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 632,791 shares of the company's stock worth $5,581,000 after buying an additional 613,238 shares during the period. Yarbrough Capital LLC raised its holdings in Pony AI by 38.0% during the first quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock worth $882,000 after acquiring an additional 27,538 shares in the last quarter. Prudential PLC bought a new stake in Pony AI during the first quarter worth about $334,000. Allspring Global Investments Holdings LLC bought a new stake in Pony AI during the first quarter worth about $293,000. Finally, Squarepoint Ops LLC bought a new stake in Pony AI during the fourth quarter worth about $691,000.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on PONY. Wall Street Zen upgraded Pony AI from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group began coverage on Pony AI in a report on Monday, August 4th. They set a "buy" rating and a $20.00 target price on the stock. Daiwa Capital Markets began coverage on Pony AI in a 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. Finally, Citigroup assumed coverage on Pony AI in a research note on Monday. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $19.40.
Check Out Our Latest Analysis on PONY
Pony AI Trading Up 7.3%
Shares of NASDAQ PONY opened at $22.72 on Tuesday. Pony AI Inc. - Sponsored ADR has a 1-year low of $4.11 and a 1-year high of $23.88. The business's 50 day moving average is $15.71 and its 200-day moving average is $13.30.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings results 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. On average, sell-side analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.
Pony AI Profile
(
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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