Brokerages Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Target Price at $20.42

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.42.

Several equities research analysts have issued reports on the company. Wall Street Zen raised Pony AI from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. Citigroup decreased their price objective on Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Jefferies Financial Group assumed coverage on Pony AI in a report on Friday, October 10th. They set a “buy” rating for the company.

Pony AI Trading Down 0.1%

PONY opened at $14.18 on Monday. Pony AI has a twelve month low of $4.11 and a twelve month high of $24.92. The firm has a market capitalization of $5.46 billion and a PE ratio of -10.06. The firm’s 50-day moving average price is $17.69 and its 200 day moving average price is $15.79.

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

Institutional Trading of Pony AI

Several hedge funds have recently made changes to their positions in PONY. CWM LLC acquired a new stake in shares of Pony AI in the second quarter valued at about $28,000. Jones Financial Companies Lllp lifted its stake 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 period. JPMorgan Chase & Co. boosted its holdings in shares of Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Pony AI in the 2nd quarter valued at about $64,000. Finally, Banque Cantonale Vaudoise increased its position in Pony AI by 71.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.