Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) saw an uptick in trading volume on Tuesday . 1,028,088 shares were traded during trading, an increase of 2% from the previous session's volume of 1,007,826 shares.The stock last traded at $17.72 and had previously closed at $16.54.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PONY. Deutsche Bank Aktiengesellschaft started coverage on Pony AI in a report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price objective for the company. The Goldman Sachs Group initiated coverage on Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 price target for the company. Finally, Bank of America initiated coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 price objective on the stock.
Read Our Latest Analysis on Pony AI
Pony AI Stock Up 32.0 %
The stock's 50-day moving average is $14.39.
Institutional Investors Weigh In On Pony AI
Several hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pony AI during the 4th quarter valued at $281,000. Neumann Advisory Hong Kong Ltd purchased a new position in Pony AI during the 4th quarter valued at about $14,808,000. Matthews International Capital Management LLC bought a new stake in Pony AI during the fourth quarter worth about $1,654,000. Carlyle Group Inc. purchased a new stake in Pony AI in the fourth quarter worth about $33,901,000. Finally, Wellington Management Group LLP bought a new position in shares of Pony AI during the fourth quarter valued at approximately $19,334,000.
About Pony AI
(
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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