Hesai Group (NASDAQ:HSAI) Earns Outperform Rating from Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Hesai Group (NASDAQ:HSAI) in a research note issued to investors on Thursday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Hesai Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $29.96.

Hesai Group Price Performance

Shares of Hesai Group stock opened at $18.44 on Thursday. The firm has a market cap of $2.58 billion, a PE ratio of 46.10 and a beta of 1.06. The stock has a 50 day moving average of $25.22 and a 200 day moving average of $24.15. The company has a current ratio of 3.73, a quick ratio of 5.37 and a debt-to-equity ratio of 0.03. Hesai Group has a 12 month low of $10.41 and a 12 month high of $30.85.

Hesai Group (NASDAQ:HSAI) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.09). The firm had revenue of $143.00 million for the quarter, compared to analysts’ expectations of $155.57 million. Hesai Group had a return on equity of 6.63% and a net margin of 14.47%. On average, research analysts expect that Hesai Group will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Hesai Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its stake in shares of Hesai Group by 37.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,738 shares of the company’s stock worth $61,000 after acquiring an additional 746 shares during the last quarter. Legal & General Group Plc bought a new position in Hesai Group in the 3rd quarter valued at $71,000. Eurizon Capital SGR S.p.A. purchased a new stake in Hesai Group in the fourth quarter worth $88,000. Leonteq Securities AG purchased a new stake in Hesai Group in the fourth quarter worth $106,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Hesai Group during the second quarter worth $108,000. 48.53% of the stock is currently owned by hedge funds and other institutional investors.

Hesai Group Company Profile

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.