Brokerages Set Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) PT at $19.40

Key Points

• Pony AI Inc. has received a consensus rating of "Buy" from six analysts, with an average 12-month price target of $19.40.
• Several institutional investors have recently increased their stakes in Pony AI, with notable purchases totaling approximately $78 million from HSG Holding Ltd.
• Pony AI stock opened at $14.79 and has a 52-week range of $4.11 to $23.88, indicating significant volatility in its trading history.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) has been given an average recommendation of "Buy" by the six ratings firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.40.

A number of equities research analysts have recently issued reports on PONY shares. Daiwa Capital Markets started coverage on shares of Pony AI in a report on Sunday, July 27th. They set an "outperform" rating on the stock. Wall Street Zen upgraded shares of Pony AI from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group started coverage on shares of Pony AI in a report on Monday, August 4th. They set a "buy" rating and a $20.00 price target on the stock. Finally, Daiwa America upgraded shares of Pony AI to a "strong-buy" rating in a report on Sunday, July 27th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Pony AI by 3,136.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 632,791 shares of the company's stock valued at $5,581,000 after buying an additional 613,238 shares during the period. Yarbrough Capital LLC increased its stake in shares of Pony AI by 38.0% during the 1st quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock worth $882,000 after purchasing an additional 27,538 shares during the last quarter. Prudential PLC acquired a new position in shares of Pony AI during the 1st quarter worth $334,000. Barclays PLC acquired a new position in shares of Pony AI during the 4th quarter worth $212,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Pony AI during the 1st quarter worth $293,000.

Pony AI Stock Up 1.0%

PONY stock traded up $0.15 on Friday, hitting $14.68. 3,185,575 shares of the company's stock traded hands, compared to its average volume of 6,538,281. Pony AI has a 1-year low of $4.11 and a 1-year high of $23.88. The stock has a fifty day moving average of $13.85 and a 200-day moving average of $13.17.

Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $21.45 million for the quarter. Equities research analysts forecast that Pony AI will post -0.38 earnings per share for the current fiscal year.

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.