Affinity Wealth Management LLC Invests $5.61 Million in Pony AI Inc. – Sponsored ADR $PONY

Affinity Wealth Management LLC bought a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 249,611 shares of the company’s stock, valued at approximately $5,614,000. Pony AI accounts for 0.8% of Affinity Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Affinity Wealth Management LLC owned 0.07% of Pony AI as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC bought a new position in shares of Pony AI in the second quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its position in Pony AI by 704.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Pony AI during the 2nd quarter valued at $64,000. SG Americas Securities LLC bought a new stake in Pony AI in the 3rd quarter worth $116,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Pony AI in the first quarter valued at about $139,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. CLSA assumed coverage on shares of Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price for the company. Wall Street Zen upgraded Pony AI from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup reiterated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Macquarie Infrastructure started coverage on Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.10.

Pony AI Stock Down 1.6%

NASDAQ PONY opened at $14.07 on Friday. The firm has a market capitalization of $5.42 billion, a PE ratio of -9.98 and a beta of 6.39. The stock’s 50 day moving average is $15.21 and its 200 day moving average is $16.12. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, November 25th. The company reported ($0.16) EPS for the quarter. Pony AI had a negative net margin of 350.98% and a negative return on equity of 37.99%. The firm had revenue of $25.44 million for the quarter. On average, research analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.38 earnings per share for the current year.

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.