Pony AI (NASDAQ:PONY) Shares Down 4.3% – Time to Sell?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY)’s share price fell 4.3% during trading on Wednesday . The company traded as low as $7.26 and last traded at $7.2150. 1,001,039 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,266,341 shares. The stock had previously closed at $7.54.

Analyst Ratings Changes

PONY has been the topic of several recent analyst reports. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane raised shares of Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.57.

Pony AI Price Performance

The firm has a market capitalization of $3.27 billion, a P/E ratio of -20.89 and a beta of 3.96. The firm has a 50-day moving average price of $7.43 and a two-hundred day moving average price of $9.57.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative net margin of 118.47% and a negative return on equity of 14.86%. The firm had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Sell-side analysts predict that Pony AI Inc. – Sponsored ADR will post -0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Pony AI

In other news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the completion of the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at approximately $9,895,577.44. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ning Zhang sold 17,347 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the completion of the sale, the vice president owned 630,109 shares of the company’s stock, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,558 shares of company stock valued at $312,528 in the last three months.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PONY. Blue Trust Inc. bought a new stake in Pony AI during the 1st quarter valued at $30,000. Leonteq Securities AG bought a new position in shares of Pony AI during the 4th quarter worth $38,000. JPMorgan Chase & Co. increased its stake 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 valued at $47,000 after buying an additional 62,748 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Pony AI during the second quarter valued at $64,000. Finally, Nykredit A S bought a new stake in shares of Pony AI in the second quarter valued at about $74,000.

Pony AI Company Profile

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.