Pony AI (NASDAQ:PONY) Stock Price Down 12.4% – Time to Sell?

Posted by Gary Stephens on Mar 10th, 2025

Pony AI Inc. (NASDAQ:PONY – Get Free Report)’s share price dropped 12.4% on Monday . The stock traded as low as $13.27 and last traded at $13.31. Approximately 2,494,958 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 1,433,024 shares. The stock had previously closed at $15.20.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Pony AI

Pony AI Stock Down 11.9 %

The business has a 50-day moving average of $14.95.

Institutional Trading of Pony AI

Several hedge funds have recently modified their holdings of PONY. Pinpoint Asset Management Ltd purchased a new position in Pony AI in the fourth quarter worth $108,000. Barclays PLC purchased a new position in shares of Pony AI in the 4th quarter valued at about $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pony AI in the fourth quarter valued at about $281,000. Walleye Capital LLC purchased a new stake in Pony AI during the fourth quarter worth about $402,000. Finally, Ovata Capital Management Ltd acquired a new position in Pony AI during the fourth quarter worth about $538,000.

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.