Pony AI (NASDAQ:PONY) Upgraded by Wall Street Zen to Hold Rating

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

PONY has been the subject of several other reports. Citigroup restated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Macquarie Infrastructure assumed coverage on Pony AI in a report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price for the company. Barclays assumed coverage on shares of Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target on the stock. CLSA started coverage on shares of Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pony AI presently has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Stock Performance

Shares of PONY opened at $14.07 on Friday. The firm has a market cap of $5.42 billion, a P/E ratio of -9.98 and a beta of 6.39. Pony AI has a 52 week low of $4.11 and a 52 week high of $24.92. The firm’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $16.12.

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

Hedge Funds Weigh In On Pony AI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Pony AI during the 4th quarter worth approximately $75,000. Marshall Wace LLP raised its position in Pony AI by 239.6% during the fourth quarter. Marshall Wace LLP now owns 2,502,711 shares of the company’s stock valued at $36,289,000 after purchasing an additional 1,765,718 shares in the last quarter. Stifel Financial Corp bought a new stake in Pony AI during the fourth quarter worth $1,208,000. Bridgefront Capital LLC acquired a new stake in shares of Pony AI in the 4th quarter valued at $164,000. Finally, Schroder Investment Management Group boosted its holdings in shares of Pony AI by 9.8% in the 4th quarter. Schroder Investment Management Group now owns 152,420 shares of the company’s stock valued at $2,210,000 after purchasing an additional 13,585 shares in the last quarter.

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.