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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.57.

PONY has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Pony AI in a research note on Tuesday, September 8th. Bank of America cut their price target on Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Finally, BNP Paribas Exane raised shares of Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th.

Pony AI Stock Performance

Shares of PONY stock opened at $6.24 on Friday. Pony AI has a 52-week low of $6.11 and a 52-week high of $24.92. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -17.33 and a beta of 3.88. The firm’s 50-day moving average is $7.39 and its 200-day moving average is $8.40.

Insider Transactions at Pony AI

In other news, CFO Haojun Wang sold 13,751 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 transaction of $97,632.10. Following the completion of the sale, the chief financial officer owned 1,463,466 shares in the company, valued at approximately $10,390,608.60. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ning Zhang sold 15,524 shares of Pony AI stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $110,220.40. Following the sale, the vice president directly owned 645,835 shares of the company’s stock, valued at $4,585,428.50. The trade was a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 41,700 shares of company stock worth $296,070.

Institutional Investors Weigh In On Pony AI

A number of institutional investors have recently made changes to their positions in PONY. TMT General Partner Ltd raised its position in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Lingotto Investment Management LLP increased its stake in Pony AI by 72.6% in the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after acquiring an additional 1,727,620 shares during the last quarter. Amova Asset Management Americas Inc. increased its stake in Pony AI by 266.2% in the fourth quarter. Amova Asset Management Americas Inc. now owns 1,974,499 shares of the company’s stock valued at $28,630,000 after acquiring an additional 1,435,358 shares during the last quarter. Keystone Investors PTE Ltd. raised its position in Pony AI by 202.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock valued at $9,696,000 after purchasing an additional 447,250 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in Pony AI during the first quarter valued at approximately $3,144,000.

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.