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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) saw some unusual options trading activity on Wednesday. Traders purchased 20,848 call options on the company. This represents an increase of approximately 224% compared to the typical daily volume of 6,430 call options.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PONY. Macquarie Infrastructure restated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. HSBC started coverage on shares of Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research report on Thursday, April 16th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Barclays dropped their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.95.

Hedge Funds Weigh In On Pony AI

Several large investors have recently modified their holdings of PONY. TMT General Partner Ltd lifted its holdings in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after purchasing an additional 5,024,721 shares during the last quarter. Aspex Management HK Ltd increased its position in Pony AI by 728.1% in the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after buying an additional 3,640,447 shares during the period. Lingotto Investment Management LLP lifted its stake in Pony AI by 72.6% in the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after buying an additional 1,727,620 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Pony AI in the third quarter valued at $89,174,000. Finally, Tiger Global Management LLC boosted its holdings in shares of Pony AI by 683.8% during the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock valued at $42,050,000 after acquiring an additional 2,530,000 shares during the period.

Pony AI Price Performance

Shares of NASDAQ:PONY traded down $0.03 during midday trading on Wednesday, reaching $7.29. The company had a trading volume of 2,200,270 shares, compared to its average volume of 4,470,411. The stock’s fifty day moving average price is $9.44 and its 200-day moving average price is $12.17. The stock has a market capitalization of $2.81 billion, a P/E ratio of -20.26 and a beta of 3.85. Pony AI has a one year low of $7.04 and a one year high of $24.92.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. As a group, sell-side analysts forecast that Pony AI will post -0.67 earnings per share for the current year.

Pony AI Company Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.