Luyi Mo Sells 14,460 Shares of Pony AI (NASDAQ:PONY) Stock

Pony AI Inc. – Sponsored ADR (NASDAQ:PONYGet Free Report) VP Luyi Mo sold 14,460 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $99,195.60. Following the completion of the sale, the vice president owned 350,156 shares of the company’s stock, valued at $2,402,070.16. The trade was a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Pony AI Trading Down 0.1%

Shares of PONY stock opened at $6.95 on Wednesday. Pony AI Inc. – Sponsored ADR has a 1-year low of $6.66 and a 1-year high of $24.92. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -19.31 and a beta of 3.83. The stock’s fifty day simple moving average is $9.06 and its 200-day simple moving average is $11.91.

Pony AI (NASDAQ:PONYGet Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. On average, sell-side analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. HSBC initiated coverage on shares of Pony AI in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price target for the company. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a research report on Thursday, April 16th. Weiss Ratings lowered 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 target price on shares of 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. Finally, Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.95.

Get Our Latest Stock Analysis on Pony AI

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Pony AI during the 1st quarter valued at about $30,000. Leonteq Securities AG acquired a new position in Pony AI in the fourth quarter worth approximately $38,000. JPMorgan Chase & Co. increased its holdings in Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after buying an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Pony AI during the third quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI during the second quarter valued at approximately $64,000.

Pony AI Company Profile

(Get Free Report)

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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