Pony AI (NASDAQ:PONY) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Pony AI (NASDAQ:PONY) from a hold rating to a sell rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the stock. Barclays started coverage on shares of Pony AI in a research report on Tuesday. They set an “equal weight” rating and a $15.00 price objective for the company. Macquarie began coverage on shares of Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price target on the stock. Jefferies Financial Group began coverage on Pony AI in a report on Friday, October 10th. They issued a “buy” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Finally, Citigroup cut their target price on Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.87.

Pony AI Stock Up 11.8%

Shares of Pony AI stock opened at $15.94 on Friday. The business has a fifty day simple moving average of $15.78 and a 200-day simple moving average of $15.50. Pony AI has a fifty-two week low of $4.11 and a fifty-two week high of $24.92. The firm has a market cap of $6.14 billion and a price-to-earnings ratio of -11.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cresset Asset Management LLC acquired a new stake in Pony AI during the 1st quarter worth about $441,000. Wellington Management Group LLP boosted its holdings in shares of Pony AI by 47.8% during the first quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company’s stock worth $17,568,000 after purchasing an additional 644,518 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in Pony AI during the first quarter valued at approximately $345,000. Goldman Sachs Group Inc. acquired a new position in Pony AI in the 1st quarter valued at approximately $139,000. Finally, Baader Bank Aktiengesellschaft lifted its position in Pony AI by 112.6% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 274,720 shares of the company’s stock worth $3,570,000 after buying an additional 145,525 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.