Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.57.

Several research analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Pony AI in a report on Tuesday, September 8th. Jefferies Financial Group reissued a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. Bank of America cut their target price on shares of 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, BNP Paribas Exane upgraded shares of Pony AI from a “neutral” rating to an “outperform” rating in a report on Thursday, August 20th.

Insider Activity at Pony AI

In related news, VP Luyi Mo sold 12,425 shares of Pony AI stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $88,217.50. Following the completion of the sale, the vice president owned 362,737 shares in the company, valued at approximately $2,575,432.70. The trade was a 3.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $97,632.10. Following the completion of the sale, the chief financial officer owned 1,463,466 shares in the company, valued at approximately $10,390,608.60. This trade represents a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 41,700 shares of company stock valued at $296,070.

Institutional Investors Weigh In On Pony AI

Institutional investors have recently made changes to their positions in the company. Altar Rock LLC acquired a new stake in Pony AI in the 2nd quarter valued at approximately $158,000. Nykredit A S acquired a new position in Pony AI during the 2nd quarter worth $74,000. Corient Private Wealth LP acquired a new position in Pony AI during the 2nd quarter worth $89,000. AXQ Capital LP bought a new position in shares of Pony AI in the second quarter worth $134,000. Finally, Headlands Technologies LLC bought a new position in shares of Pony AI in the second quarter worth $1,634,000.

Pony AI Price Performance

Shares of PONY stock opened at $6.07 on Friday. The firm has a market cap of $2.64 billion, a P/E ratio of -16.86 and a beta of 3.89. Pony AI has a 1-year low of $5.97 and a 1-year high of $24.79. The firm’s 50-day simple moving average is $7.37 and its 200-day simple moving average is $8.38.

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.