Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.94 Average PT from Brokerages

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has received an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.9429.

A number of research firms have commented on PONY. Macquarie Infrastructure reissued an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th.

Pony AI Stock Down 3.2%

PONY stock opened at $8.20 on Friday. Pony AI has a twelve month low of $6.36 and a twelve month high of $24.92. The stock has a market cap of $3.56 billion, a P/E ratio of -22.78 and a beta of 3.96. The business’s 50-day moving average price is $7.57 and its 200-day moving average price is $10.09.

Pony AI (NASDAQ:PONY) last released its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The company had revenue of $34.25 million during the quarter, compared to analyst estimates of $22.30 million. On average, equities research analysts expect that Pony AI will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Luyi Mo sold 14,460 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the completion of the transaction, the vice president directly owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the completion of the sale, the chief financial officer owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,558 shares of company stock worth $312,528.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. TMT General Partner Ltd boosted its stake in Pony AI by 262.1% during the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after buying an additional 5,024,721 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Pony AI during the 3rd quarter valued at approximately $89,174,000. Tiger Global Management LLC increased its stake in Pony AI by 683.8% in the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after acquiring an additional 2,530,000 shares during the last quarter. FIL Ltd increased its stake in Pony AI by 466.9% in the 4th quarter. FIL Ltd now owns 2,284,012 shares of the company’s stock worth $33,118,000 after acquiring an additional 1,881,128 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Pony AI by 239.6% during the 4th quarter. Marshall Wace LLP now owns 2,502,711 shares of the company’s stock worth $36,289,000 after acquiring an additional 1,765,718 shares in the last quarter.

About Pony AI

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.