Pony AI (NASDAQ:PONY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pony AI (NASDAQ:PONY) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. CLSA assumed coverage on Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. Zacks Research cut Pony AI from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Finally, HSBC assumed coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and an average price target of $20.58.

Pony AI Price Performance

Shares of Pony AI stock opened at $11.55 on Friday. The business has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $14.59. Pony AI has a 1 year low of $4.11 and a 1 year high of $24.92. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -32.08 and a beta of 6.34.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Aspex Management HK Ltd increased its position in Pony AI by 728.1% during the 3rd quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after buying an additional 3,640,447 shares during the period. Lingotto Investment Management LLP increased its position in shares of Pony AI by 72.6% in the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock worth $59,559,000 after purchasing an additional 1,727,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Pony AI in the third quarter worth $89,174,000. Tiger Global Management LLC increased its position in shares of Pony AI by 683.8% in the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after purchasing an additional 2,530,000 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Pony AI by 31.0% in the fourth quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company’s stock worth $41,193,000 after purchasing an additional 671,606 shares during the period.

About Pony AI

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.