Pony AI Target of Unusually Large Options Trading (NASDAQ:PONY)

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) saw unusually large options trading on Tuesday. Stock traders bought 67,268 call options on the stock. This is an increase of approximately 180% compared to the average volume of 23,988 call options.

Institutional Investors Weigh In On Pony AI

Institutional investors have recently made changes to their positions in the stock. CWM LLC acquired a new position in Pony AI during the second quarter worth about $28,000. Daiwa Securities Group Inc. acquired a new stake in shares of Pony AI during the 2nd quarter valued at approximately $64,000. Prudential PLC boosted 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 acquiring an additional 5,478 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Pony AI in the 2nd quarter worth approximately $140,000. Finally, Marshall Wace LLP increased its stake in Pony AI by 4.7% in the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock valued at $3,505,000 after purchasing an additional 11,986 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PONY shares. Wall Street Zen upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. UBS Group started 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. Daiwa America raised shares of Pony AI to a “strong-buy” rating in a report on Sunday, July 27th. Daiwa Capital Markets initiated coverage on shares of Pony AI in a research note on Sunday, July 27th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

Pony AI Stock Down 7.7%

Shares of PONY opened at $21.60 on Wednesday. The stock’s 50 day moving average is $16.73 and its two-hundred day moving average is $13.72. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $21.45 million during the quarter. As a group, analysts anticipate that Pony AI will post -0.38 earnings per share for the current fiscal year.

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.