Fideuram Asset Management Ireland dac Buys Shares of 359,707 Hesai Group Sponsored ADR $HSAI

Fideuram Asset Management Ireland dac purchased a new stake in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 359,707 shares of the company’s stock, valued at approximately $8,057,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. boosted its holdings in shares of Hesai Group by 37.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,738 shares of the company’s stock valued at $61,000 after acquiring an additional 746 shares during the period. Candriam S.C.A. boosted its holdings in shares of Hesai Group by 3.6% during the third quarter. Candriam S.C.A. now owns 72,000 shares of the company’s stock valued at $2,023,000 after acquiring an additional 2,500 shares during the period. Legal & General Group Plc acquired a new position in shares of Hesai Group during the third quarter valued at $71,000. Quantbot Technologies LP acquired a new position in shares of Hesai Group during the third quarter valued at $123,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of Hesai Group by 10.5% during the third quarter. Squarepoint Ops LLC now owns 46,932 shares of the company’s stock valued at $1,319,000 after acquiring an additional 4,452 shares during the period. Institutional investors and hedge funds own 48.53% of the company’s stock.

Hesai Group Price Performance

Shares of NASDAQ HSAI opened at $19.89 on Friday. Hesai Group Sponsored ADR has a twelve month low of $14.69 and a twelve month high of $30.85. The company has a current ratio of 4.97, a quick ratio of 4.52 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 0.80 and a beta of 1.50. The firm has a 50-day moving average of $21.66 and a two-hundred day moving average of $22.95.

Hesai Group (NASDAQ:HSAI) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%. The company had revenue of $98.71 million during the quarter, compared to the consensus estimate of $96.50 million. As a group, analysts expect that Hesai Group Sponsored ADR will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HSAI shares. BNP Paribas Exane started coverage on shares of Hesai Group in a report on Thursday, March 26th. They set an “outperform” rating for the company. Weiss Ratings downgraded shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Hesai Group from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hesai Group presently has an average rating of “Buy” and a consensus target price of $29.96.

Hesai Group 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.