Pony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $7.85 and last traded at $7.86, with a volume of 4602110 shares. The stock had previously closed at $8.34.
Analysts Set New Price Targets
Several research firms have recently weighed in on PONY. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Macquarie Infrastructure reissued an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research report on Thursday, April 16th. BNP Paribas Exane began coverage on Pony AI in a report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price target for the company. Finally, Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pony AI has a consensus rating of “Moderate Buy” and an average price target of $19.95.
Check Out Our Latest Analysis on PONY
Pony AI Price Performance
Pony AI (NASDAQ:PONY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. On average, sell-side analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Pony AI
Several large investors have recently bought and sold shares of PONY. Blue Trust Inc. bought a new position in Pony AI in the first quarter valued at approximately $30,000. Leonteq Securities AG bought a new stake in shares of Pony AI during the 4th quarter valued at $38,000. JPMorgan Chase & Co. lifted its stake in shares of Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after purchasing an additional 62,748 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Pony AI in the 3rd quarter valued at $50,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Pony AI in the 2nd quarter worth $64,000.
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.
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