Investors Buy Large Volume of Pony AI Call Options (NASDAQ:PONY)

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 20,848 call options on the stock. This represents an increase of 224% compared to the average daily volume of 6,430 call options.

Hedge Funds Weigh In On Pony AI

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new position in shares of Pony AI during the first quarter worth about $30,000. Leonteq Securities AG acquired a new stake in shares of Pony AI in the fourth quarter valued at about $38,000. JPMorgan Chase & Co. raised its holdings in shares of Pony AI by 103.5% during the 3rd 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. FNY Investment Advisers LLC purchased a new stake in shares of Pony AI during the 3rd quarter valued at about $50,000. Finally, Daiwa Securities Group Inc. acquired a new position in Pony AI during the 2nd quarter worth approximately $64,000.

Pony AI Stock Performance

NASDAQ PONY traded down $0.03 during trading hours on Wednesday, hitting $7.29. 2,200,270 shares of the company’s stock were exchanged, compared to its average volume of 4,470,411. The business’s 50 day moving average is $9.44 and its 200-day moving average is $12.17. Pony AI has a 12-month low of $7.04 and a 12-month high of $24.92. The firm has a market capitalization of $2.81 billion, a P/E ratio of -20.26 and a beta of 3.85.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. The company had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. As a group, equities research analysts anticipate that Pony AI will post -0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PONY has been the topic of several recent research reports. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Barclays cut their price objective on Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Finally, HSBC initiated coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pony AI currently has a consensus rating of “Moderate Buy” and an average target price of $19.95.

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.