Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.95 Average Price Target from Brokerages

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.95.

A number of equities research analysts have issued reports on the company. 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 note on Monday, March 30th. HSBC assumed coverage on Pony AI in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.60 target price on the stock. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research note on Thursday, April 16th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th.

Pony AI Price Performance

Pony AI stock opened at $6.93 on Friday. The company has a market cap of $2.67 billion, a PE ratio of -19.25 and a beta of 3.83. The company has a fifty day moving average price of $9.32 and a two-hundred day moving average price of $12.07. Pony AI has a 12 month low of $6.79 and a 12 month high of $24.92.

Pony AI (NASDAQ:PONY) last released its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. Equities research analysts anticipate that Pony AI will post -0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in Pony AI in the first quarter worth about $30,000. Leonteq Securities AG acquired a new stake in Pony AI in the fourth quarter worth about $38,000. Jones Financial Companies Lllp lifted its holdings in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares during the period. JPMorgan Chase & Co. lifted its holdings in Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Pony AI in the third quarter worth about $50,000.

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.