Pony AI (NASDAQ:PONY) Trading Down 4.3% - What's Next?

Key Points

• Pony AI shares fell 4.3% to $7.2150, with trading volume about 77% below the average session volume. The stock’s market capitalization is approximately $3.15 billion.
• Analysts remain broadly positive, with seven Buy ratings, two Holds and one Sell; the consensus rating is “Moderate Buy” with an average price target of $19.57. Recent targets include $17 from Bank of America and $24 from Macquarie.
• Pony AI exceeded quarterly expectations, reporting an adjusted loss of $0.09 per share versus the expected $0.12 loss and revenue of $34.25 million versus the $22.30 million consensus. However, the company remains unprofitable, while insiders sold 45,558 shares worth $312,528 over the past three months.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) shares dropped 4.3% on Wednesday . The stock traded as low as $7.26 and last traded at $7.2150. Approximately 1,001,039 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,266,341 shares. The stock had previously closed at $7.54.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research raised Pony AI from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Jefferies Financial Group reiterated a "buy" rating on shares of Pony AI in a research note on Tuesday, August 18th. Weiss Ratings downgraded Pony AI from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, June 11th. Bank of America decreased their price target on Pony AI from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, August 18th. Finally, Macquarie Infrastructure reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Pony AI in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.57.

Pony AI Stock Performance

The stock's fifty day simple moving average is $7.46 and its two-hundred day simple moving average is $9.66. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -20.12 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, topping analysts' consensus estimates of ($0.12) by $0.03. Pony AI had a negative return on equity of 14.86% and a negative net margin of 118.47%.The business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Analysts predict that Pony AI Inc. - Sponsored ADR will post -0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Luyi Mo sold 14,460 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 value of $99,195.60. Following the transaction, the vice president directly owned 350,156 shares of the company's stock, valued at $2,402,070.16. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Ning Zhang sold 17,347 shares of the business's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $119,000.42. Following the sale, the vice president owned 630,109 shares of the company's stock, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 45,558 shares of company stock worth $312,528 over the last three months.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TMT General Partner Ltd increased its position in shares of Pony AI by 262.1% in the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company's stock worth $65,534,000 after acquiring an additional 5,024,721 shares in the last quarter. Lingotto Investment Management LLP lifted its holdings in shares of Pony AI by 72.6% during the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company's stock valued at $59,559,000 after acquiring an additional 1,727,620 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Pony AI during the 3rd quarter valued at $89,174,000. Tiger Global Management LLC boosted its position in Pony AI by 683.8% during the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company's stock worth $42,050,000 after purchasing an additional 2,530,000 shares during the period. Finally, Wellington Management Group LLP boosted its position in Pony AI by 31.0% during the 4th quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company's stock worth $41,193,000 after purchasing an additional 671,606 shares during the period.

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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