Pony AI's (PONY) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Pony AI's stock rating has been reiterated as a "sell (D-)" by Weiss Ratings, indicating ongoing concerns from analysts about the company's performance.
• In contrast, other analysts like UBS Group and Daiwa Capital Markets have recently offered a "buy" and "strong-buy" rating respectively, with a consensus price target of $19.40.
• Pony AI reported a quarterly loss of $0.14 per share with revenues of $21.45 million, while analysts project an EPS of -0.38 for the current fiscal year.

Pony AI (NASDAQ:PONY - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. UBS Group started coverage on shares of Pony AI in a report on Monday, August 4th. They issued a "buy" rating and a $20.00 price target on the stock. Wall Street Zen raised shares of Pony AI from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Daiwa America raised shares of Pony AI to a "strong-buy" rating in a report on Sunday, July 27th. Citigroup began coverage on shares of Pony AI in a report on Monday, September 29th. They set a "buy" rating on the stock. Finally, Daiwa Capital Markets began coverage on shares of Pony AI in a 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 issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.40.

Pony AI Price Performance

Pony AI stock opened at $23.46 on Wednesday. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92. The company's 50-day moving average price is $16.94 and its two-hundred day moving average price is $13.79.

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 business had revenue of $21.45 million for the quarter. On average, analysts forecast that Pony AI will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PONY. CWM LLC bought a new position in Pony AI in the second quarter valued at approximately $28,000. Daiwa Securities Group Inc. bought a new position in Pony AI in the second quarter valued at approximately $64,000. Keystone Investors PTE Ltd. bought a new position in Pony AI in the first quarter valued at approximately $120,000. Goldman Sachs Group Inc. bought a new position in Pony AI in the first quarter valued at approximately $139,000. Finally, Osaic Holdings Inc. bought a new position in Pony AI in the second quarter valued at approximately $140,000.

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.

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