Pony AI (NASDAQ:PONY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pony AI (NASDAQ:PONY) from a strong sell rating to a hold rating in a report published on Saturday.

A number of other research firms also recently weighed in on PONY. Daiwa Capital Markets initiated coverage on shares of Pony AI in a report on Sunday, July 27th. They issued an “outperform” rating on the stock. Daiwa America raised shares of Pony AI to a “strong-buy” rating in a research note on Sunday, July 27th. Finally, UBS Group initiated coverage on shares of Pony AI in a research note on Monday, August 4th. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $19.40.

Pony AI Trading Up 1.1%

Shares of NASDAQ PONY opened at $16.03 on Friday. The firm’s fifty day moving average is $13.49 and its two-hundred day moving average is $13.10. Pony AI has a 52-week low of $4.11 and a 52-week high of $23.88.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $21.45 million for the quarter. On average, research analysts forecast that Pony AI will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Pony AI

Large investors have recently made changes to their positions in the company. Johns Hopkins University purchased a new stake in Pony AI in the 2nd quarter valued at about $207,000. Nikko Asset Management Americas Inc. purchased a new stake in Pony AI in the 2nd quarter valued at about $3,848,000. Rafferty Asset Management LLC purchased a new stake in Pony AI in the 2nd quarter valued at about $270,000. Mission Creek Capital Partners Inc. purchased a new stake in Pony AI in the 2nd quarter valued at about $335,000. Finally, HSG Holding Ltd purchased a new stake in Pony AI in the 2nd quarter valued at about $78,184,000.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.