Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Stock Has Consensus Price Target of $19.57 According to Brokerages

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.57.

Several equities analysts have weighed in on PONY shares. Jefferies Financial Group reissued a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. BNP Paribas Exane upgraded Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Bank of America decreased their price objective on Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Pony AI in a research report on Tuesday, September 8th.

Pony AI Stock Performance

PONY stock opened at $5.05 on Thursday. Pony AI has a 1 year low of $4.78 and a 1 year high of $22.46. The stock’s 50 day moving average price is $6.57 and its 200 day moving average price is $9.55. The firm has a market cap of $2.20 billion, a P/E ratio of -14.03 and a beta of 3.89.

Insider Activity at Pony AI

In other Pony AI news, VP Ning Zhang sold 15,524 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $110,220.40. Following the sale, the vice president directly owned 645,835 shares of the company’s stock, valued at $4,585,428.50. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Luyi Mo sold 12,425 shares of Pony AI stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $88,217.50. Following the sale, the vice president owned 362,737 shares of the company’s stock, valued at approximately $2,575,432.70. This trade represents a 3.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 41,700 shares of company stock valued at $296,070.

Hedge Funds Weigh In On Pony AI

Institutional investors and hedge funds have recently modified their holdings of the company. Green Alpha Advisors LLC increased its stake in Pony AI by 6.9% during the 3rd quarter. Green Alpha Advisors LLC now owns 44,330 shares of the company’s stock worth $290,000 after buying an additional 2,846 shares during the period. Blue Trust Inc. acquired a new position in Pony AI in the 1st quarter worth $30,000. First Trust Advisors LP lifted its holdings in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after buying an additional 3,236 shares in the last quarter. Nykredit A S purchased a new position in Pony AI in the 2nd quarter valued at about $74,000. Finally, Money Concepts Capital Corp boosted its position in Pony AI by 13.4% in the 1st quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after buying an additional 12,519 shares during the last quarter.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.