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

Key Points

• Analysts have a consensus “Hold” rating on Pony AI, with five buys, three holds and one sell among nine firms. The average 12-month price target is $19.94, substantially above the reported $8.15 share price.
• Pony AI reported quarterly revenue of $34.25 million, beating the $22.30 million consensus estimate, and an adjusted EPS loss of $0.09 that was better than expected. However, the company remains unprofitable, with a negative net margin of 128.22% and analysts forecasting a full-year loss.
• The stock has declined sharply from its 52-week high of $24.92 and recently traded near its 50-day average. Insiders sold 45,558 shares worth approximately $312,528 during the last quarter, while several institutional investors established or increased small positions.

Shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) have been assigned an average recommendation of "Hold" from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.9429.

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Pony AI from a "hold" rating to a "sell" rating in a research report on Sunday, April 26th. Zacks Research upgraded shares of Pony AI from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Weiss Ratings lowered shares of Pony AI from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, June 11th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a report on Thursday, April 16th. Finally, Macquarie Infrastructure reissued an "outperform" rating and set a $24.00 target price on shares of Pony AI in a research report on Tuesday, May 26th.

Pony AI Stock Performance

Shares of NASDAQ:PONY opened at $8.15 on Friday. Pony AI has a 52-week low of $6.36 and a 52-week high of $24.92. The business's 50 day simple moving average is $7.71 and its two-hundred day simple moving average is $10.29. The firm has a market cap of $3.54 billion, a P/E ratio of -22.64 and a beta of 3.96.

Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. On average, equities analysts forecast that Pony AI will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Pony AI

In other Pony AI news, VP Ning Zhang sold 17,347 shares of Pony AI stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $119,000.42. Following the completion of the transaction, the vice president owned 630,109 shares in the company, valued at approximately $4,322,547.74. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Luyi Mo sold 14,460 shares of the business's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $99,195.60. Following the sale, the vice president directly owned 350,156 shares of the company's stock, valued at $2,402,070.16. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 45,558 shares of company stock valued at $312,528.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PONY. JPMorgan Chase & Co. raised its position in Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company's stock valued at $47,000 after buying an additional 62,748 shares during the last quarter. Leonteq Securities AG purchased a new position in Pony AI during the 4th quarter worth $38,000. Blue Trust Inc. purchased a new position in Pony AI during the 1st quarter worth $30,000. Banque Cantonale Vaudoise grew its stake in shares of Pony AI by 71.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company's stock worth $82,000 after acquiring an additional 1,523 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Pony AI in the 2nd quarter worth $64,000.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.

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