Pony AI (NASDAQ:PONY) VP Ning Zhang Sells 17,347 Shares of Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the transaction, the vice president directly owned 630,109 shares of the company’s stock, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pony AI Trading Up 1.3%

NASDAQ PONY traded up $0.09 on Monday, hitting $6.96. The company’s stock had a trading volume of 5,563,234 shares, compared to its average volume of 4,469,357. The firm has a market cap of $2.68 billion, a P/E ratio of -19.33 and a beta of 3.85. Pony AI Inc. – Sponsored ADR has a 52-week low of $6.66 and a 52-week high of $24.92. The company’s 50-day simple moving average is $9.23 and its 200 day simple moving average is $12.01.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The firm 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 17.13% and a negative net margin of 128.22%. On average, research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. bought a new stake in Pony AI during the first quarter worth about $30,000. Leonteq Securities AG bought a new position in shares of Pony AI during the fourth quarter valued at approximately $38,000. JPMorgan Chase & Co. increased its stake in shares of Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after purchasing an additional 62,748 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Pony AI during the third quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Pony AI in the 2nd quarter worth approximately $64,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on PONY shares. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a research report on Thursday, April 16th. Macquarie Infrastructure reissued an “outperform” rating and issued a $24.00 price target on shares of Pony AI in a research note on Tuesday, May 26th. Barclays decreased their price target on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Finally, Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

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.