Analysts Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Price Target at $19.95

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.95.

Several equities analysts have recently weighed in on PONY shares. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. The Goldman Sachs Group set a $30.00 price objective on Pony AI in a research report on Thursday, April 16th. Barclays lowered their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, BNP Paribas Exane assumed coverage on Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 price target for the company.

Insider Transactions at Pony AI

In related news, VP Ning Zhang sold 17,347 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $119,000.42. Following the completion of the sale, the vice president directly owned 630,109 shares in the company, valued at approximately $4,322,547.74. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the sale, the chief financial officer directly owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. This represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,558 shares of company stock worth $312,528 in the last quarter.

Institutional Investors Weigh In On Pony AI

A number of hedge funds have recently modified their holdings of the business. TMT General Partner Ltd increased its stake in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after purchasing an additional 5,024,721 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Pony AI during the third quarter valued at $89,174,000. Tiger Global Management LLC grew its holdings in Pony AI by 683.8% during the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock valued at $42,050,000 after purchasing an additional 2,530,000 shares during the period. FIL Ltd grew its holdings in Pony AI by 466.9% during the fourth quarter. FIL Ltd now owns 2,284,012 shares of the company’s stock valued at $33,118,000 after purchasing an additional 1,881,128 shares during the period. Finally, Marshall Wace LLP increased its position in Pony AI by 239.6% in the fourth quarter. Marshall Wace LLP now owns 2,502,711 shares of the company’s stock worth $36,289,000 after buying an additional 1,765,718 shares in the last quarter.

Pony AI Stock Down 2.4%

Shares of Pony AI stock opened at $6.98 on Tuesday. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -19.39 and a beta of 4.04. The company’s 50 day moving average is $8.20 and its 200 day moving average is $11.22. Pony AI has a twelve month low of $6.36 and a twelve month high of $24.92.

Pony AI (NASDAQ:PONY) last issued its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. The company had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. Sell-side analysts expect that Pony AI will post -0.67 EPS for the current fiscal year.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.