Mirae Asset Global Investments Co. Ltd. Has $3 Million Stake in Pony AI Inc. - Sponsored ADR $PONY

Key Points

• Mirae Asset Global Investments Co. Ltd. reduced its stake in Pony AI Inc. by 64.1%, now holding approximately 0.06% of the company, valued at $2.997 million.
• Pony AI's stock has seen a significant range, with a twelve-month low of $4.11 and a high of $24.92, and it currently opens at $21.60.
• Equity analysts have a mixed outlook on Pony AI, with ratings ranging from a "Strong Buy" to a "Sell" and an average target price of $19.40.

Mirae Asset Global Investments Co. Ltd. decreased its stake in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) by 64.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,062 shares of the company's stock after selling 405,729 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Pony AI worth $2,997,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PONY. Allspring Global Investments Holdings LLC acquired a new stake in Pony AI in the 1st quarter valued at $293,000. Robeco Schweiz AG boosted its stake in Pony AI by 21.7% in the 1st quarter. Robeco Schweiz AG now owns 747,000 shares of the company's stock valued at $6,589,000 after buying an additional 133,000 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Pony AI in the 1st quarter valued at $2,336,000. Baader Bank Aktiengesellschaft acquired a new stake in Pony AI in the 1st quarter valued at $1,138,000. Finally, Keystone Investors PTE Ltd. bought a new position in Pony AI in the 1st quarter valued at $120,000.

Pony AI Stock Performance

PONY stock opened at $21.60 on Wednesday. Pony AI Inc. - Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92. The business has a fifty day moving average of $16.73 and a 200-day moving average of $13.72.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PONY shares. UBS Group started coverage on Pony AI in a research report on Monday, August 4th. They issued a "buy" rating and a $20.00 price objective for the company. Daiwa Capital Markets started coverage on Pony AI in a research report on Sunday, July 27th. They issued an "outperform" rating for the company. Wall Street Zen upgraded Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup started coverage on Pony AI in a research report on Monday, September 29th. They issued a "buy" rating for the company. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Pony AI in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.40.

Pony AI 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.

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