Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Receives Average Rating of “Moderate Buy” from Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.70.

Several research analysts have issued reports on PONY shares. Jefferies Financial Group started coverage on Pony AI in a report on Friday, October 10th. They issued a “buy” rating on the stock. Barclays initiated coverage on Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. Macquarie began coverage on shares of Pony AI in a research note on Monday, December 15th. They set an “outperform” rating and a $29.00 price target for the company. Finally, Citigroup lowered their price objective on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating on the stock in a report on Friday, November 7th.

Hedge Funds Weigh In On Pony AI

Hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise increased its holdings in Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the last quarter. CWM LLC bought a new stake in Pony AI during the second quarter worth $28,000. FNY Investment Advisers LLC purchased a new stake in Pony AI in the 3rd quarter valued at $50,000. Finally, SBI Securities Co. Ltd. raised its position in Pony AI by 29.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock valued at $447,000 after buying an additional 4,546 shares during the last quarter.

Pony AI Price Performance

PONY stock opened at $14.50 on Friday. The company’s 50-day moving average is $14.94 and its 200-day moving average is $15.62. The stock has a market capitalization of $5.59 billion, a PE ratio of -10.28 and a beta of 6.41. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92.

About Pony AI

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.