Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report)’s share price was up 7.9% during trading on Tuesday. The company traded as high as $5.36 and last traded at $5.4050. 1,062,916 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 4,214,279 shares. The stock had previously closed at $5.01.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PONY. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pony AI in a research report on Tuesday, September 8th. BNP Paribas Exane raised Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a research note on Tuesday, August 18th. Finally, Bank of America cut their target price on Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pony AI presently has a consensus rating of “Moderate Buy” and an average target price of $19.57.
View Our Latest Report on Pony AI
Pony AI Stock Performance
The firm’s 50-day simple moving average is $6.74 and its 200 day simple moving average is $7.94. The stock has a market capitalization of $2.19 billion, a P/E ratio of -14.00 and a beta of 3.89.
Insider Activity at Pony AI
In related news, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $97,632.10. Following the sale, the chief financial officer owned 1,463,466 shares in the company, valued at approximately $10,390,608.60. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ning Zhang sold 15,524 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $110,220.40. Following the transaction, the vice president directly owned 645,835 shares of the company’s stock, valued at $4,585,428.50. This trade represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,700 shares of company stock valued at $296,070.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Green Alpha Advisors LLC increased its position in shares of Pony AI by 6.9% during the 3rd quarter. Green Alpha Advisors LLC now owns 44,330 shares of the company’s stock worth $290,000 after purchasing an additional 2,846 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Pony AI in the 1st quarter valued at approximately $30,000. First Trust Advisors LP boosted its holdings in shares of 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 buying an additional 3,236 shares during the last quarter. Nykredit A S acquired a new stake in shares of Pony AI in the 2nd quarter valued at approximately $74,000. Finally, Money Concepts Capital Corp grew its stake in shares of Pony AI by 13.4% in the first quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after buying an additional 12,519 shares in the last quarter.
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.
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