Pony AI (NASDAQ:PONY) VP Sells $99,195.60 in Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) VP Luyi Mo sold 14,460 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $99,195.60. Following the sale, the vice president directly owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pony AI Stock Up 4.9%

Shares of NASDAQ PONY opened at $7.29 on Thursday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -20.25 and a beta of 4.05. The stock’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $11.85. Pony AI Inc. – Sponsored ADR has a 52-week low of $6.66 and a 52-week high of $24.92.

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

Wall Street Analyst Weigh In

A number of analysts have commented on PONY shares. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. HSBC began coverage on shares of Pony AI in a report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. 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 equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Institutional Investors Weigh In On Pony AI

Several hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Pony AI during the 1st quarter worth about $139,000. Invesco Ltd. acquired a new position in shares of Pony AI in the 2nd quarter valued at about $206,000. First Trust Advisors LP acquired a new position in shares of Pony AI in the 2nd quarter valued at about $276,000. Marshall Wace LLP lifted its position in shares of Pony AI by 4.7% in the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after purchasing an additional 11,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Pony AI in the second quarter worth approximately $64,000.

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.