Pony AI (NASDAQ:PONY) Now Covered by Analysts at CLSA

CLSA began coverage on shares of Pony AI (NASDAQ:PONY) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $22.00 target price on the stock.

Several other equities research analysts also recently commented on PONY. Barclays initiated coverage on shares of Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price for the company. Citigroup lowered their price objective on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research report on Friday, November 7th. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Jefferies Financial Group initiated coverage on Pony AI in a research note on Friday, October 10th. They issued a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Pony AI Price Performance

Shares of PONY stock opened at $16.07 on Friday. The stock has a market cap of $6.19 billion, a PE ratio of -11.40 and a beta of 6.42. The stock has a 50-day moving average of $14.89 and a 200-day moving average of $15.65. Pony AI has a one year low of $4.11 and a one year high of $24.92.

Institutional Trading of Pony AI

A number of institutional investors have recently modified their holdings of the company. CWM LLC acquired a new position in shares of Pony AI during the second quarter worth about $28,000. Jones Financial Companies Lllp lifted its stake in Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,924 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Pony AI during the 3rd quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Pony AI during the 2nd quarter worth approximately $64,000.

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.