Wall Street Zen Downgrades Pony AI (NASDAQ:PONY) to Sell

Pony AI (NASDAQ:PONY) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms have also recently commented on PONY. Macquarie Infrastructure initiated coverage on shares of Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Barclays began 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Finally, CLSA initiated coverage on Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Pony AI Stock Performance

PONY opened at $11.44 on Friday. The firm’s fifty day moving average is $14.59 and its two-hundred day moving average is $15.95. The firm has a market cap of $4.41 billion, a PE ratio of -8.11 and a beta of 6.26. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92.

Institutional Trading of Pony AI

A number of institutional investors have recently made changes to their positions in PONY. Goldman Sachs Group Inc. acquired a new position in Pony AI during the first quarter worth $139,000. SBI Securities Co. Ltd. increased its stake in Pony AI by 776.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock valued at $202,000 after buying an additional 13,580 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Pony AI during the 2nd quarter worth about $396,000. Prudential PLC lifted its position in Pony AI by 14.4% during the 2nd quarter. Prudential PLC now owns 43,389 shares of the company’s stock worth $573,000 after buying an additional 5,478 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Pony AI during the 2nd quarter worth about $1,595,000.

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.