Hesai Group Sponsored ADR (NASDAQ:HSAI) Receives Average Rating of “Buy” from Analysts

Hesai Group Sponsored ADR (NASDAQ:HSAI) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.1250.

HSAI has been the topic of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of Hesai Group in a research report on Thursday, March 26th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of Hesai Group from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings cut Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th.

Institutional Trading of Hesai Group

Several large investors have recently modified their holdings of the stock. Schroder Investment Management Group increased its position in shares of Hesai Group by 17,419.6% in the fourth quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after purchasing an additional 2,054,114 shares during the period. Aberdeen Group plc bought a new stake in Hesai Group during the third quarter worth about $38,241,000. Federated Hermes Inc. grew its stake in Hesai Group by 8,076.3% during the fourth quarter. Federated Hermes Inc. now owns 1,263,894 shares of the company’s stock worth $28,311,000 after buying an additional 1,248,436 shares in the last quarter. Norges Bank bought a new position in Hesai Group in the 4th quarter valued at about $24,260,000. Finally, Goldman Sachs Group Inc. increased its holdings in Hesai Group by 345.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after buying an additional 961,493 shares during the period. 48.53% of the stock is owned by institutional investors and hedge funds.

Hesai Group Stock Performance

HSAI opened at $18.15 on Monday. The business has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $22.99. The company has a market capitalization of $2.54 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34. Hesai Group has a 1 year low of $14.69 and a 1 year high of $30.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.52.

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

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.