Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Stock Has Consensus Price Target of $19.57 According to Analysts

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.57.

A number of equities research analysts have issued reports on PONY shares. Bank of America reduced their price objective on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Pony AI in a research report on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Finally, BNP Paribas Exane upgraded shares of Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th.

Pony AI Stock Performance

Shares of NASDAQ PONY opened at $6.54 on Friday. The stock has a market capitalization of $2.84 billion, a P/E ratio of -18.17 and a beta of 3.87. The stock’s fifty day moving average is $7.42 and its 200 day moving average is $8.48. Pony AI has a 52 week low of $6.36 and a 52 week high of $24.92.

Insider Buying and Selling at Pony AI

In other Pony AI news, VP Ning Zhang sold 15,524 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $110,220.40. Following the completion of the sale, the vice president directly owned 645,835 shares in the company, valued at $4,585,428.50. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Haojun Wang sold 13,751 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $97,632.10. Following the completion of the sale, the chief financial officer directly owned 1,463,466 shares in the company, valued at approximately $10,390,608.60. This represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,700 shares of company stock worth $296,070 over the last three months.

Institutional Trading of Pony AI

Several large investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA acquired a new position in Pony AI during the first quarter worth about $3,144,000. TMT General Partner Ltd boosted its stake in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after purchasing an additional 5,024,721 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Pony AI in the 2nd quarter valued at approximately $1,634,000. Keystone Investors PTE Ltd. grew its holdings in shares of Pony AI by 202.0% during the 4th quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock valued at $9,696,000 after purchasing an additional 447,250 shares during the last quarter. Finally, Hel Ved Capital Management Ltd grew its holdings in shares of Pony AI by 47.5% during the 4th quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company’s stock valued at $11,294,000 after purchasing an additional 250,900 shares during the last quarter.

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.