Hesai Group Sponsored ADR $HSAI Shares Bought by Aristides Capital LLC

Aristides Capital LLC increased its stake in Hesai Group Sponsored ADR (NASDAQ:HSAI) by 27.9% in the 1st quarter, HoldingsChannel reports. The fund owned 162,466 shares of the company’s stock after acquiring an additional 35,442 shares during the period. Hesai Group accounts for approximately 0.5% of Aristides Capital LLC’s holdings, making the stock its 29th largest holding. Aristides Capital LLC’s holdings in Hesai Group were worth $3,106,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. XY Capital Ltd acquired a new position in Hesai Group during the first quarter worth about $269,000. Bessemer Group Inc. increased its holdings in shares of Hesai Group by 45.3% in the first quarter. Bessemer Group Inc. now owns 2,325 shares of the company’s stock valued at $44,000 after buying an additional 725 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Hesai Group during the 1st quarter valued at $56,000. Cvfg LLC acquired a new stake in shares of Hesai Group during the 1st quarter valued at $3,574,000. Finally, Leonteq Securities AG raised its position in shares of Hesai Group by 107.9% during the first quarter. Leonteq Securities AG now owns 9,833 shares of the company’s stock worth $188,000 after purchasing an additional 5,104 shares during the period. Institutional investors and hedge funds own 48.53% of the company’s stock.

Hesai Group Stock Down 0.8%

Shares of Hesai Group stock opened at $14.76 on Friday. Hesai Group Sponsored ADR has a 12-month low of $14.36 and a 12-month high of $30.85. The company has a quick ratio of 4.52, a current ratio of 4.97 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $17.82 and a two-hundred day moving average price of $21.99. The stock has a market capitalization of $2.07 billion, a P/E ratio of 33.55, a PEG ratio of 0.57 and a beta of 1.35.

Hesai Group (NASDAQ:HSAI) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $98.71 million during the quarter, compared to the consensus estimate of $96.50 million. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%. Equities analysts expect that Hesai Group Sponsored ADR will post 0.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HSAI shares. Wall Street Zen upgraded Hesai Group from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, BNP Paribas Exane initiated coverage on Hesai Group in a report on Thursday, March 26th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Hesai Group currently has an average rating of “Buy” and a consensus target price of $30.12.

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.