Pony AI (NASDAQ:PONY) Upgraded at Wall Street Zen

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

Several other brokerages also recently commented on PONY. Barclays assumed coverage on Pony AI in a report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price target 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 price objective for the company. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Macquarie Infrastructure began coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price for the company. 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 issued a Sell rating to the stock. According to MarketBeat, Pony AI presently has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Pony AI Stock Performance

Shares of PONY stock opened at $10.53 on Friday. The stock’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $15.84. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -7.47 and a beta of 6.26.

Institutional Investors Weigh In On Pony AI

A number of institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG acquired a new position in shares of Pony AI in the 4th quarter worth approximately $38,000. Jones Financial Companies Lllp boosted its stake in Pony AI by 704.8% in 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 in the last quarter. JPMorgan Chase & Co. grew its position in Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares during the period. FNY Investment Advisers LLC bought a new stake in Pony AI in the third quarter valued at $50,000. Finally, Daiwa Securities Group Inc. acquired a new position in Pony AI during the second quarter worth $64,000.

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.