Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Stock Has Average Target Price of $19.57

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.57.

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

Insider Activity at Pony AI

In other Pony AI news, VP Luyi Mo sold 12,425 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total value of $88,217.50. Following the transaction, the vice president directly owned 362,737 shares of the company’s stock, valued at $2,575,432.70. This trade represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ning Zhang sold 15,524 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $110,220.40. Following the completion of the transaction, the vice president directly owned 645,835 shares in the company, valued at $4,585,428.50. This trade represents a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 41,700 shares of company stock worth $296,070.

Institutional Investors Weigh In On Pony AI

Several hedge funds have recently modified their holdings of PONY. Robeco Schweiz AG acquired a new position in Pony AI during the 3rd quarter worth approximately $9,888,000. SBI Securities Co. Ltd. grew its position in Pony AI by 81.4% in the third quarter. SBI Securities Co. Ltd. now owns 38,557 shares of the company’s stock valued at $252,000 after acquiring an additional 17,296 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Pony AI in the third quarter valued at approximately $178,000. Green Alpha Advisors LLC grew its position in Pony AI by 6.9% in the third quarter. Green Alpha Advisors LLC now owns 44,330 shares of the company’s stock valued at $290,000 after acquiring an additional 2,846 shares in the last quarter. Finally, Altar Rock LLC purchased a new stake in shares of Pony AI during the second quarter valued at approximately $158,000.

Pony AI Stock Performance

NASDAQ PONY opened at $5.14 on Thursday. Pony AI has a one year low of $4.78 and a one year high of $22.46. The company’s 50 day moving average price is $6.62 and its 200 day moving average price is $7.89. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -14.28 and a beta of 3.89.

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.