Pony AI (NASDAQ:PONY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Pony AI (NASDAQ:PONY) issued its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03, FiscalAI reports. The company had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 19.90% and a negative net margin of 148.85%.

Pony AI Stock Performance

PONY opened at $8.92 on Tuesday. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -24.78 and a beta of 4.10. Pony AI has a 1 year low of $7.99 and a 1 year high of $24.92. The stock has a fifty day moving average price of $9.91 and a 200 day moving average price of $12.83.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PONY shares. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research report on Thursday, April 16th. HSBC started coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 target price on the stock. BNP Paribas Exane started coverage on Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price on the stock. Barclays cut their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Finally, Zacks Research lowered Pony AI from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.58.

Institutional Trading of Pony AI

A number of institutional investors have recently bought and sold shares of PONY. Goldman Sachs Group Inc. acquired a new stake in Pony AI during the first quarter valued at $139,000. Invesco Ltd. acquired a new stake in Pony AI during the second quarter valued at $206,000. First Trust Advisors LP acquired a new stake in shares of Pony AI in the second quarter worth about $276,000. Marshall Wace LLP lifted its position in shares of Pony AI by 4.7% in the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after buying an additional 11,986 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Pony AI in the second quarter worth about $64,000.

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.