Pony AI (NASDAQ:PONY) Rating Increased to Hold at Wall Street Zen

Pony AI (NASDAQ:PONY) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also recently commented on PONY. UBS Group started coverage on shares of Pony AI in a research note on Monday, August 4th. They set a “buy” rating and a $20.00 price target on the stock. Daiwa America upgraded shares of Pony AI to a “strong-buy” rating in a report on Sunday, July 27th. Finally, Daiwa Capital Markets initiated coverage on shares of Pony AI in a report on Sunday, July 27th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.40.

Pony AI Price Performance

PONY opened at $15.86 on Friday. Pony AI has a one year low of $4.11 and a one year high of $23.88. The company’s 50 day simple moving average is $13.44 and its 200-day simple moving average is $13.09.

Pony AI (NASDAQ:PONY) last released 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 for the quarter. On average, equities analysts anticipate that Pony AI will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Pony AI

Large investors have recently bought and sold shares of the business. CWM LLC acquired a new stake in Pony AI in the second quarter worth $28,000. Daiwa Securities Group Inc. acquired a new stake in Pony AI in the second quarter worth $64,000. Keystone Investors PTE Ltd. acquired a new stake in Pony AI in the first quarter worth $120,000. Barclays PLC acquired a new stake in Pony AI in the fourth quarter worth $212,000. Finally, SBI Securities Co. Ltd. raised its holdings in Pony AI by 776.4% in the second quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock worth $202,000 after purchasing an additional 13,580 shares during the period.

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.