Mirae Asset Global Investments Co. Ltd. Makes New Investment in Pony AI Inc. (NASDAQ:PONY)

Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI Inc. (NASDAQ:PONY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,553 shares of the company's stock, valued at approximately $281,000.

Separately, Neumann Advisory Hong Kong Ltd acquired a new stake in shares of Pony AI in the fourth quarter worth $14,808,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price objective for the company. Bank of America initiated coverage on shares of Pony AI in a report on Monday, December 23rd. They set a "buy" rating and a $18.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Pony AI in a report on Monday, December 23rd. They set a "buy" rating and a $19.60 price target for the company.

Pony AI Trading Up 11.3 %

PONY traded up $1.68 during trading hours on Monday, reaching $16.54. 3,476,984 shares of the stock traded hands, compared to its average volume of 618,804. The business's fifty day moving average price is $13.92. Pony AI Inc. has a fifty-two week low of $11.90 and a fifty-two week high of $17.90.

About Pony AI

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.