Pony AI Sees Unusually Large Options Volume (NASDAQ:PONY)

Key Points

• Pony AI saw an unusual spike in options trading with approximately 67,268 call options purchased, marking an increase of around 180% from the typical volume.
• The company's stock traded down 7.8% to $21.58, amidst a total trading volume of over 5.4 million shares.
• Analysts have varied ratings on Pony AI, with one rating it as a Strong Buy and an average consensus price target of $19.40.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 67,268 call options on the company. This represents an increase of approximately 180% compared to the typical volume of 23,988 call options.

Pony AI Trading Down 7.8%

PONY stock traded down $1.83 during trading hours on Tuesday, hitting $21.58. 5,474,588 shares of the stock traded hands, compared to its average volume of 7,798,965. The stock has a 50-day simple moving average of $16.57 and a 200 day simple moving average of $13.67. Pony AI has a one year low of $4.11 and a one year high of $24.92.

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 for the quarter. The company had revenue of $21.45 million during the quarter. On average, sell-side analysts expect that Pony AI will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PONY. Daiwa America upgraded Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. UBS Group initiated coverage on Pony AI in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 price target on the stock. Citigroup initiated coverage on Pony AI in a research report on Monday, September 29th. They set a "buy" rating on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Pony AI in a research report on Saturday, September 27th. Finally, Daiwa Capital Markets initiated coverage on Pony AI in a research report 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, six have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pony AI currently has an average rating of "Moderate Buy" and a consensus price target of $19.40.

Institutional Investors Weigh In On Pony AI

Hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new stake in shares of Pony AI during the 2nd quarter worth about $28,000. Daiwa Securities Group Inc. purchased a new stake in shares of Pony AI during the 2nd quarter worth about $64,000. Prudential PLC raised its stake in shares of Pony AI by 14.4% during the 2nd quarter. Prudential PLC now owns 43,389 shares of the company's stock worth $573,000 after purchasing an additional 5,478 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Pony AI during the 2nd quarter worth about $140,000. Finally, Marshall Wace LLP raised its stake in shares of Pony AI by 4.7% during the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company's stock worth $3,505,000 after purchasing an additional 11,986 shares in the last quarter.

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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