Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $7.93 and last traded at $7.94, with a volume of 4268748 shares. The stock had previously closed at $8.32.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research note on Thursday, April 16th. 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. Barclays reduced their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Finally, BNP Paribas Exane initiated coverage on shares of Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 price objective for the company. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.
Check Out Our Latest Analysis on PONY
Pony AI Trading Down 4.6%
Pony AI (NASDAQ:PONY – Get Free Report) last posted its quarterly earnings data 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 128.22% and a negative return on equity of 17.13%. The company had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. On average, research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.
Institutional Investors Weigh In On Pony AI
Several hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new stake in Pony AI in the 1st quarter valued at about $1,042,000. First Trust Advisors LP lifted its stake in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock valued at $125,000 after purchasing an additional 3,236 shares during the last quarter. TMT General Partner Ltd increased its holdings in shares of Pony AI by 262.1% during the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after acquiring an additional 5,024,721 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Pony AI in the 1st quarter valued at $553,000. Finally, Money Concepts Capital Corp raised its stake in Pony AI by 13.4% in the 1st quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after acquiring an additional 12,519 shares during the period.
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.
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