Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Pony AI Inc. has received a consensus rating of "Buy" from five analysts, with four recommending "buy" and one a "strong buy," and an average target price of $19.20.
• Recent institutional trading shows multiple hedge funds increasing their stakes in Pony AI, highlighting growing interest in the company.
• While Pony AI's shares have recently traded down 2.2%, they range significantly between a 12-month low of $4.11 and a high of $23.88.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has received an average recommendation of "Buy" from the five analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.20.

A number of equities research analysts have recently weighed in on PONY shares. Daiwa America raised shares of Pony AI to a "strong-buy" rating in a research note on Sunday, July 27th. Daiwa Capital Markets assumed coverage on shares of Pony AI in a research report on Sunday. They set an "outperform" rating for the company.

Pony AI Trading Down 3.0%

Shares of PONY traded down $0.40 during trading hours on Tuesday, reaching $13.04. 3,986,499 shares of the company traded hands, compared to its average volume of 7,908,168. The company's fifty day moving average price is $13.89 and its two-hundred day moving average price is $13.00. Pony AI has a 12 month low of $4.11 and a 12 month high of $23.88.

Pony AI (NASDAQ:PONY - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $13.98 million for the quarter. Sell-side analysts anticipate that Pony AI will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. purchased a new position in Pony AI during the 2nd quarter valued at about $3,848,000. CWM LLC purchased a new position in Pony AI in the second quarter worth about $28,000. Washington University purchased a new position in Pony AI in the second quarter worth about $277,000. Baader Bank Aktiengesellschaft raised its holdings in Pony AI by 112.6% in the second quarter. Baader Bank Aktiengesellschaft now owns 274,720 shares of the company's stock worth $3,570,000 after buying an additional 145,525 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Pony AI in the first quarter worth about $139,000.

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.