Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.84 and last traded at $4.8760, with a volume of 54,187 shares traded. The stock had previously closed at $5.04.
Analyst Ratings Changes
A number of equities analysts have issued reports on PONY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Bank of America cut their price target on Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pony AI in a research report on Tuesday, September 8th. Finally, BNP Paribas Exane raised Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and a consensus target price of $19.57.
Check Out Our Latest Analysis on PONY
Pony AI Price Performance
The company has a market capitalization of $2.24 billion, a P/E ratio of -14.28 and a beta of 3.89. The company’s 50-day moving average price is $6.62 and its two-hundred day moving average price is $7.89.
Insider Activity
In other news, VP Luyi Mo sold 12,425 shares of Pony AI stock in a transaction on 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 owned 362,737 shares in the company, valued at approximately $2,575,432.70. This trade represents a 3.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ning Zhang sold 15,524 shares of Pony AI 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 owned 645,835 shares in the company, valued at approximately $4,585,428.50. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 41,700 shares of company stock worth $296,070.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pictet Asset Management Holding SA bought a new position in Pony AI during the first quarter worth $3,144,000. Headlands Technologies LLC bought a new stake in Pony AI in the second quarter valued at $1,634,000. TMT General Partner Ltd increased its stake in Pony AI by 262.1% in the first 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. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Pony AI by 93.3% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 145,000 shares of the company’s stock valued at $1,008,000 after purchasing an additional 70,000 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in shares of Pony AI during the first quarter valued at about $1,042,000.
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.
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