Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives Consensus Rating of “Moderate Buy” from Analysts

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 covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.70.

A number of equities analysts recently weighed in on PONY shares. Jefferies Financial Group assumed coverage on shares of Pony AI in a research report on Friday, October 10th. They set a “buy” rating on the stock. Barclays assumed coverage on Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target for the company. Macquarie assumed coverage on Pony AI in a research note on Monday, December 15th. They set an “outperform” rating and a $29.00 price objective on the stock. Citigroup dropped their target price on Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a report on Wednesday, October 8th.

Pony AI Stock Down 0.7%

Shares of 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 PE ratio of -11.12. The firm’s fifty day moving average is $15.35 and its two-hundred day moving average is $15.56.

Hedge Funds Weigh In On Pony AI

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

About Pony AI

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.