Pony AI (NASDAQ:PONY) Rating Increased to Hold at Wall Street Zen

Pony AI (NASDAQ:PONY) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a note issued to investors on Saturday.

PONY has been the subject of several other reports. UBS Group started coverage on shares of Pony AI in a research report on Monday, August 4th. They issued a “buy” rating and a $20.00 target price for the company. Daiwa America upgraded shares of Pony AI to a “strong-buy” rating in a research report on Sunday, July 27th. Finally, Daiwa Capital Markets started coverage on shares of Pony AI in a research report on Sunday, July 27th. They issued an “outperform” rating for the company. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $19.40.

Pony AI Trading Up 4.7%

Shares of Pony AI stock opened at $15.86 on Friday. Pony AI has a twelve month low of $4.11 and a twelve month high of $23.88. The company has a 50-day simple moving average of $13.44 and a two-hundred day simple moving average of $13.09.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $21.45 million for the quarter. Analysts predict that Pony AI will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Pony AI

Several hedge funds and other institutional investors have recently made changes to their positions in PONY. CWM LLC bought a new stake in shares of Pony AI during the 2nd quarter valued at approximately $28,000. Daiwa Securities Group Inc. bought a new stake in shares of Pony AI during the 2nd quarter valued at approximately $64,000. Keystone Investors PTE Ltd. bought a new stake in shares of Pony AI during the 1st quarter valued at approximately $120,000. Goldman Sachs Group Inc. bought a new stake in Pony AI during the 1st quarter worth approximately $139,000. Finally, SBI Securities Co. Ltd. grew its holdings in Pony AI by 776.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock worth $202,000 after acquiring an additional 13,580 shares during the last quarter.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.