Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Given Average Rating of “Moderate Buy” by Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.10.

Several research analysts have recently weighed in on the company. Barclays initiated coverage on Pony AI in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price objective for the company. Macquarie Infrastructure assumed coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 price target on the stock. CLSA assumed coverage on shares of Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Finally, Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th.

Pony AI Stock Performance

Pony AI stock opened at $14.07 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 capitalization of $5.42 billion, a P/E ratio of -9.98 and a beta of 6.39. The stock has a fifty day moving average of $15.21 and a 200-day moving average of $16.12.

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

Institutional Trading of Pony AI

A number of large investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise raised its stake in shares of Pony AI by 71.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after buying an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft increased its holdings in Pony AI by 0.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock worth $3,330,000 after acquiring an additional 1,539 shares during the last quarter. Money Concepts Capital Corp raised its stake in Pony AI by 2.1% in the 4th quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after acquiring an additional 1,881 shares during the period. Jones Financial Companies Lllp lifted its holdings in Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,924 shares during the last quarter. Finally, CWM LLC purchased a new stake in Pony AI during the second quarter valued at about $28,000.

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.