Clear Street Group Inc. Grows Position in Pony AI Inc. – Sponsored ADR $PONY

Clear Street Group Inc. lifted its stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 19.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 381,068 shares of the company’s stock after buying an additional 61,670 shares during the quarter. Clear Street Group Inc. owned approximately 0.10% of Pony AI worth $5,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aspex Management HK Ltd grew its stake in shares of Pony AI by 728.1% in the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after buying an additional 3,640,447 shares in the last quarter. Lingotto Investment Management LLP increased its position in Pony AI by 72.6% during the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after acquiring an additional 1,727,620 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Pony AI during the third quarter valued at $89,174,000. Marshall Wace LLP increased its position in Pony AI by 239.6% during the fourth quarter. Marshall Wace LLP now owns 2,502,711 shares of the company’s stock valued at $36,289,000 after acquiring an additional 1,765,718 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in Pony AI during the third quarter valued at $53,076,000.

Analyst Upgrades and Downgrades

PONY has been the topic of a number of analyst reports. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Barclays lowered their price objective 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. HSBC started coverage on shares of Pony AI in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price objective for the company. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.95.

Pony AI Stock Down 1.8%

Shares of Pony AI stock opened at $8.15 on Friday. The firm has a market capitalization of $3.14 billion, a P/E ratio of -22.64 and a beta of 3.83. The company has a 50 day moving average price of $9.62 and a 200 day moving average price of $12.45. Pony AI Inc. – Sponsored ADR has a 52 week low of $7.95 and a 52 week high of $24.92.

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

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.