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

BNP Paribas Exane began coverage on shares of Hesai Group (NASDAQ:HSAI) in a report issued on Thursday. The brokerage set an “outperform” rating on the stock.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hesai Group in a research report on Monday, December 29th. One equities 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, the stock has a consensus rating of “Buy” and a consensus target price of $29.96.

Hesai Group Price Performance

HSAI opened at $19.30 on Thursday. Hesai Group has a 52-week low of $10.41 and a 52-week high of $30.85. The company has a 50 day moving average of $25.61 and a two-hundred day moving average of $24.29. The company has a market cap of $2.70 billion, a P/E ratio of 48.24 and a beta of 1.06. The company has a quick ratio of 5.37, a current ratio of 5.75 and a debt-to-equity ratio of 0.04.

Hesai Group (NASDAQ:HSAI) last posted its earnings results on Tuesday, March 24th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). Hesai Group had a net margin of 14.47% and a return on equity of 7.58%. The business had revenue of $143.00 million for the quarter, compared to analyst estimates of $155.57 million. On average, analysts expect that Hesai Group will post -0.14 earnings per share for the current year.

Institutional Trading of Hesai Group

Large investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in shares of Hesai Group during the third quarter worth about $71,000. SBI Securities Co. Ltd. boosted its holdings in 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 purchasing an additional 746 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Hesai Group during the 4th quarter valued at approximately $88,000. Quantbot Technologies LP purchased a new stake in Hesai Group during the 3rd quarter worth approximately $123,000. Finally, Leonteq Securities AG purchased a new stake in Hesai Group during the 4th quarter worth approximately $106,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.

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.