Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.70.

Several brokerages have recently commented on PONY. Barclays began coverage on shares of Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price on the stock. Citigroup reduced their price target on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Macquarie started coverage on shares of Pony AI in a research note on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $14.50 on Friday. The business’s fifty day moving average price is $14.94 and its two-hundred day moving average price is $15.62. Pony AI has a fifty-two week low of $4.11 and a fifty-two week high of $24.92. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of -10.28 and a beta of 6.41.

Institutional Trading of Pony AI

Large investors have recently made changes to their positions in the business. HSG Holding Ltd bought a new position in shares of Pony AI in the second quarter valued at about $78,184,000. TMT General Partner Ltd acquired a new stake in Pony AI in the 2nd quarter valued at about $71,903,000. Aspex Management HK Ltd increased its position in Pony AI by 728.1% in the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock valued at $93,119,000 after acquiring an additional 3,640,447 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Pony AI in the third quarter worth about $89,174,000. Finally, Lingotto Investment Management LLP lifted its position in shares of Pony AI by 55.6% during the second quarter. Lingotto Investment Management LLP now owns 2,379,892 shares of the company’s stock worth $31,415,000 after purchasing an additional 850,000 shares in the last quarter.

Pony AI Company Profile

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.