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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) was the target of unusually large options trading on Friday. Traders purchased 45,435 call options on the stock. This represents an increase of 103% compared to the typical daily volume of 22,430 call options.

Institutional Trading of Pony AI

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC acquired a new stake in shares of Pony AI in the second quarter valued at about $28,000. Daiwa Securities Group Inc. acquired a new position in Pony AI during the second quarter worth approximately $64,000. Prudential PLC grew its position in shares of Pony AI by 14.4% in the second quarter. Prudential PLC now owns 43,389 shares of the company’s stock valued at $573,000 after purchasing an additional 5,478 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in Pony AI during the second quarter worth approximately $140,000. Finally, Marshall Wace LLP grew its position in Pony AI by 4.7% during the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after buying an additional 11,986 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PONY shares. Daiwa America upgraded Pony AI to a “strong-buy” rating in a research report on Sunday, July 27th. UBS Group initiated coverage on Pony AI in a report on Monday, August 4th. They set a “buy” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Daiwa Capital Markets initiated coverage on Pony AI in a report on Sunday, July 27th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.40.

Pony AI Stock Performance

Shares of Pony AI stock opened at $20.71 on Friday. The stock’s 50-day moving average is $14.69 and its 200-day moving average is $13.01. Pony AI has a one year low of $4.11 and a one year high of $23.88.

Pony AI (NASDAQ:PONY) last issued 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. Equities research analysts expect that Pony AI will post -0.38 EPS for the current 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.