Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.70.

A number of equities research analysts recently issued reports on PONY shares. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Barclays started coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price on the stock. Jefferies Financial Group started coverage on shares of Pony AI in a report on Friday, October 10th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. Finally, Macquarie began coverage on Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective for the company.

Pony AI Stock Down 0.7%

Shares of NASDAQ:PONY opened at $15.68 on Friday. Pony AI has a 52-week low of $4.11 and a 52-week high of $24.92. The stock has a market cap of $6.04 billion and a P/E ratio of -11.12. The business has a fifty day moving average of $15.35 and a two-hundred day moving average of $15.56.

Institutional Trading of Pony AI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in Pony AI during the first quarter worth $139,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Pony AI in the 2nd quarter valued at $1,693,000. Baader Bank Aktiengesellschaft lifted its stake in Pony AI by 112.6% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 274,720 shares of the company’s stock worth $3,570,000 after acquiring an additional 145,525 shares in the last quarter. Eschler Asset Management LLP acquired a new position in Pony AI during the 2nd quarter worth about $4,245,000. Finally, Lingotto Investment Management LLP boosted its holdings in Pony AI by 55.6% during the 2nd quarter. Lingotto Investment Management LLP now owns 2,379,892 shares of the company’s stock valued at $31,415,000 after acquiring an additional 850,000 shares during the period.

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.