Clear Street Group Inc. Invests $7.18 Million in Pony AI Inc. – Sponsored ADR $PONY

Clear Street Group Inc. bought a new position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 319,398 shares of the company’s stock, valued at approximately $7,183,000.

Other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY grew its position in Pony AI by 38.7% during the third quarter. Bamco Inc. NY now owns 2,335,346 shares of the company’s stock valued at $52,522,000 after acquiring an additional 651,251 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of Pony AI in the 3rd quarter worth approximately $372,000. Ameriprise Financial Inc. purchased a new stake in shares of Pony AI in the 3rd quarter valued at $247,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Pony AI in the 3rd quarter valued at $960,000. Finally, Man Group plc bought a new position in shares of Pony AI during the 3rd quarter valued at $1,242,000.

Analyst Ratings Changes

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

Pony AI Price Performance

Shares of NASDAQ PONY opened at $11.44 on Friday. The firm has a 50-day moving average of $14.59 and a 200 day moving average of $15.96. Pony AI Inc. – Sponsored ADR has a 1 year low of $4.11 and a 1 year high of $24.92. The stock has a market cap of $4.41 billion, a P/E ratio of -8.11 and a beta of 6.26.

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.