Brokerages Set Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) Target Price at $22.10

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.10.

Several equities research analysts have commented on the stock. CLSA started coverage on shares of Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Macquarie Infrastructure assumed coverage on shares of Pony AI in a report on Monday, December 15th. They set an “outperform” rating and a $29.00 price objective on the stock. Wall Street Zen raised shares of Pony AI from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Barclays assumed 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.

Pony AI Trading Down 1.6%

NASDAQ PONY opened at $14.07 on Friday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of -9.98 and a beta of 6.40. The business’s 50 day moving average is $15.21 and its two-hundred day moving average is $16.16. Pony AI has a 12-month low of $4.11 and a 12-month high of $24.92.

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

Institutional Trading of Pony AI

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Pony AI during the 2nd quarter valued at $1,693,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pony AI by 268.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock worth $18,818,000 after acquiring an additional 609,666 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Pony AI in the third quarter valued at $2,062,000. Eschler Asset Management LLP acquired a new stake in shares of Pony AI during the second quarter valued at $4,245,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Pony AI during the 3rd quarter worth about $9,509,000.

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.