Wall Street Zen Upgrades Pony AI (NASDAQ:PONY) to Hold

Key Points

• Pony AI's stock rating has been upgraded from a "strong sell" to a "hold" by Wall Street Zen, reflecting improving analyst sentiment towards the company.
• UBS initiated coverage with a "buy" rating and a target price of $20, while Daiwa Capital Markets gave a "strong-buy" rating, contributing to an average rating of "Buy" with a consensus target price of $19.40.
• Pony AI reported a revenue of $21.45 million and an earnings per share of (−$0.14) in its latest quarterly earnings, with an expected EPS of (−$0.38) for the current fiscal year.

Wall Street Zen upgraded shares of Pony AI (NASDAQ:PONY - Free Report) from a strong sell rating to a hold rating in a report issued on Saturday.

PONY has been the topic of several other research reports. Daiwa America upgraded shares of Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. UBS Group initiated coverage on shares of Pony AI in a research note on Monday, August 4th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, Daiwa Capital Markets initiated coverage on shares of Pony AI in a research note on Sunday, July 27th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $19.40.

Pony AI Trading Down 4.5%

NASDAQ PONY traded down $0.70 during mid-day trading on Friday, hitting $14.89. The company's stock had a trading volume of 6,049,286 shares, compared to its average volume of 8,603,221. Pony AI has a 52-week low of $4.11 and a 52-week high of $23.88. The stock's fifty day simple moving average is $13.58 and its two-hundred day simple moving average is $13.13.

Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The company had revenue of $21.45 million for the quarter. On average, sell-side analysts predict that Pony AI will post -0.38 EPS for the current year.

Institutional Trading of Pony AI

A number of hedge funds have recently made changes to their positions in PONY. Barclays PLC acquired a new stake in shares of Pony AI during the fourth quarter worth approximately $212,000. Walleye Capital LLC acquired a new stake in shares of Pony AI during the fourth quarter worth approximately $402,000. MYDA Advisors LLC acquired a new stake in shares of Pony AI during the fourth quarter worth approximately $718,000. Stifel Financial Corp acquired a new stake in shares of Pony AI during the fourth quarter worth approximately $1,237,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Pony AI during the fourth quarter worth approximately $2,655,000.

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.