Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.21, but opened at $12.81. Pony AI shares last traded at $12.68, with a volume of 552,454 shares trading hands.
Analyst Upgrades and Downgrades
PONY has been the topic of a number of research reports. Bank of America initiated coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $18.00 target price on the stock. The Goldman Sachs Group initiated coverage on Pony AI in a report on Monday, December 23rd. They set a "buy" rating and a $19.60 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price for the company.
Get Our Latest Stock Report on PONY
Pony AI Trading Down 11.7 %
The firm has a 50 day moving average price of $14.39.
Hedge Funds Weigh In On Pony AI
A number of institutional investors and hedge funds have recently made changes to their positions in PONY. Toyota Motor Corp bought a new stake in shares of Pony AI in the 4th quarter worth approximately $647,421,000. Ontario Teachers Pension Plan Board bought a new stake in Pony AI in the fourth quarter worth $310,559,000. IDG China Venture Capital Fund IV Associates L.P. purchased a new stake in shares of Pony AI in the fourth quarter worth $144,973,000. IDG China Capital Fund III Associates L.P. bought a new position in shares of Pony AI during the fourth quarter valued at $93,700,000. Finally, Aspex Management HK Ltd bought a new position in shares of Pony AI during the fourth quarter valued at $34,091,000.
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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