Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares traded up 6.3% on Friday . The company traded as high as $14.06 and last traded at $14.02. Approximately 699,823 shares changed hands during trading, a decline of 9% from the average session volume of 771,646 shares. The stock had previously closed at $13.19.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PONY. Deutsche Bank Aktiengesellschaft began 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. Bank of America started coverage on Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $18.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $19.60 price objective on the stock.
Get Our Latest Stock Analysis on PONY
Pony AI Trading Down 6.2 %
The company's 50 day moving average is $13.63.
Institutional Trading of Pony AI
Several institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI in the fourth quarter worth about $281,000. Matthews International Capital Management LLC acquired a new position in shares of Pony AI in the 4th quarter worth approximately $1,654,000. Robeco Schweiz AG bought a new stake in shares of Pony AI in the 4th quarter worth approximately $8,811,000. Neumann Advisory Hong Kong Ltd acquired a new stake in Pony AI during the fourth quarter valued at approximately $14,808,000. Finally, Lingotto Investment Management LLP bought a new stake in Pony AI during the fourth quarter worth approximately $17,220,000.
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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