Hesai Group Sponsored ADR (NASDAQ:HSAI) Given Average Recommendation of “Buy” by Analysts

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

Several research analysts have weighed in on HSAI shares. Wall Street Zen raised shares of Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday. BNP Paribas Exane started coverage on Hesai Group in a research note on Thursday, March 26th. They set an “outperform” rating for the company. Finally, Weiss Ratings lowered Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th.

Hesai Group Stock Up 3.2%

Shares of NASDAQ HSAI opened at $15.61 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 0.58 and a beta of 1.35. Hesai Group has a 52-week low of $14.40 and a 52-week high of $30.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.52 and a current ratio of 4.97. The stock has a 50 day moving average price of $18.83 and a 200 day moving average price of $22.37.

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

Institutional Trading of Hesai Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in Hesai Group by 2.8% during the fourth quarter. Advisors Asset Management Inc. now owns 15,929 shares of the company’s stock worth $357,000 after buying an additional 430 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of Hesai Group by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 50,112 shares of the company’s stock valued at $1,123,000 after purchasing an additional 512 shares during the last quarter. Bessemer Group Inc. increased its position 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 acquiring an additional 725 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Hesai Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 5,311 shares of the company’s stock valued at $119,000 after buying an additional 726 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Hesai Group by 37.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,738 shares of the company’s stock valued at $61,000 after buying an additional 746 shares during the last quarter. Institutional investors and hedge funds own 48.53% of the company’s stock.

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.