Pony AI (NASDAQ:PONY) Issues Quarterly Earnings Results

Key Points

• Pony AI reported a quarterly earnings loss of ($0.14) per share, with shares opening at $15.06 on the day of the release.
• Goldman Sachs recently acquired 15,805 shares of Pony AI stock, indicating institutional interest in the company.
• Five analysts have rated Pony AI as a buy, with the current average target price being $19.40.

Pony AI (NASDAQ:PONY - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, Zacks reports.

Pony AI Price Performance

NASDAQ:PONY opened at $15.06 on Tuesday. Pony AI has a 12 month low of $4.11 and a 12 month high of $23.88. The company's 50 day moving average is $13.31 and its 200-day moving average is $13.03.

Institutional Investors Weigh In On Pony AI

An institutional investor recently bought a new position in Pony AI stock. Goldman Sachs Group Inc. acquired a new position in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,805 shares of the company's stock, valued at approximately $139,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Daiwa Capital Markets assumed coverage on shares of Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating on the stock. UBS Group assumed coverage on shares of Pony AI in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, Daiwa America raised shares of Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Pony AI currently has an average rating of "Buy" and an average target price of $19.40.

Pony AI Company 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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