Pinpoint Asset Management Ltd Invests $108,000 in Pony AI Inc. (NASDAQ:PONY)

Pinpoint Asset Management Ltd acquired a new stake in Pony AI Inc. (NASDAQ:PONY) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,500 shares of the company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PONY. Neumann Advisory Hong Kong Ltd acquired a new stake in shares of Pony AI in the 4th quarter valued at about $14,808,000. Matthews International Capital Management LLC acquired a new stake in Pony AI in the 4th quarter valued at approximately $1,654,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI in the 4th quarter valued at approximately $281,000. Lingotto Investment Management LLP acquired a new position in Pony AI during the 4th quarter worth approximately $17,220,000. Finally, Robeco Schweiz AG bought a new position in shares of Pony AI during the 4th quarter worth approximately $8,811,000.

Wall Street Analysts Forecast Growth

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

Pony AI Stock Down 8.5 %

Shares of PONY stock opened at $6.92 on Friday. The company has a fifty day moving average price of $13.94. Pony AI Inc. has a one year low of $6.67 and a one year high of $23.88.

Pony AI Company Profile

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.