Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives $19.57 Average PT from Brokerages

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.5750.

Several research analysts recently weighed in on PONY shares. Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a research note on Tuesday, August 18th. Bank of America lowered their price target on Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Macquarie Infrastructure restated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a research note on Tuesday, May 26th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th.

Insiders Place Their Bets

In other Pony AI news, CFO Haojun Wang sold 13,751 shares of the business’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 transaction of $94,331.86. Following the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $119,000.42. Following the transaction, the vice president owned 630,109 shares in the company, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 45,558 shares of company stock valued at $312,528.

Hedge Funds Weigh In On Pony AI

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in Pony AI in the 1st quarter worth $30,000. Leonteq Securities AG purchased a new stake in Pony AI during the 4th quarter valued at about $38,000. JPMorgan Chase & Co. grew its stake in Pony AI by 103.5% during the 3rd 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 during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Pony AI in the second quarter valued at about $64,000. Finally, Nykredit A S acquired a new position in shares of Pony AI in the second quarter valued at about $74,000.

Pony AI Trading Up 1.9%

Shares of PONY stock opened at $7.35 on Wednesday. Pony AI has a 12-month low of $6.36 and a 12-month high of $24.92. The business’s fifty day simple moving average is $7.41 and its 200-day simple moving average is $9.30. The company has a market cap of $3.19 billion, a PE ratio of -20.42 and a beta of 3.87.

About Pony AI

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.