Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares saw strong trading volume on Monday . 743,252 shares changed hands during trading, a decline of 8% from the previous session's volume of 806,568 shares.The stock last traded at $14.92 and had previously closed at $14.00.
Wall Street Analyst Weigh In
PONY has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price target on the stock. Finally, Bank of America initiated coverage on Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $18.00 target price on the stock.
Check Out Our Latest Analysis on PONY
Pony AI Price Performance
The company has a 50 day moving average of $13.75.
Institutional Trading of Pony AI
Several hedge funds and other institutional investors have recently bought and sold shares of PONY. Ontario Teachers Pension Plan Board bought a new stake in shares of Pony AI in the fourth quarter valued at approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. acquired a new stake in shares of Pony AI during the 4th quarter worth $144,973,000. IDG China Capital Fund III Associates L.P. bought a new position in shares of Pony AI in the fourth quarter worth $93,700,000. Carlyle Group Inc. bought a new stake in Pony AI during the fourth quarter worth about $33,901,000. Finally, Wellington Management Group LLP acquired a new stake in Pony AI during the fourth quarter worth about $19,334,000.
Pony AI Company Profile
(
Get Free Report)
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.
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