Pony AI (NASDAQ:PONY) Raised to Hold at Wall Street Zen

Pony AI (NASDAQ:PONY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also commented on PONY. CLSA started coverage on Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price target on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Barclays started coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Finally, Macquarie Infrastructure began coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Price Performance

NASDAQ PONY opened at $14.07 on Friday. The company has a fifty day moving average price of $15.21 and a 200-day moving average price of $16.15. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -9.98 and a beta of 6.40. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92.

Pony AI (NASDAQ:PONY) last released its quarterly earnings results on Tuesday, November 25th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $25.44 million for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%. On average, research analysts anticipate that Pony AI will post -0.38 EPS for the current fiscal year.

Institutional Trading of Pony AI

A number of hedge funds and other institutional investors have recently made changes to their positions in PONY. CWM LLC bought a new position in Pony AI in the 2nd quarter worth about $28,000. Leonteq Securities AG bought a new position in shares of Pony AI in the fourth quarter valued at approximately $38,000. Jones Financial Companies Lllp boosted its position in shares of Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,924 shares during the period. JPMorgan Chase & Co. grew its stake in Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Pony AI in the 3rd quarter worth approximately $50,000.

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.