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

Shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) have received an average rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $29.96.

A number of research firms have recently weighed in on HSAI. BNP Paribas Exane began coverage on Hesai Group in a research report on Thursday, March 26th. They set an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Hesai Group in a research report on Monday, December 29th.

Institutional Trading of Hesai Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its position in shares of Hesai Group by 2.8% during the 4th 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 lifted its position in shares of Hesai Group by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 50,112 shares of the company’s stock worth $1,123,000 after buying an additional 512 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Hesai Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 5,311 shares of the company’s stock worth $119,000 after buying an additional 726 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Hesai Group by 37.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,738 shares of the company’s stock worth $61,000 after buying an additional 746 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Hesai Group by 4.2% during the 2nd quarter. Franklin Resources Inc. now owns 19,548 shares of the company’s stock worth $429,000 after buying an additional 782 shares during the last quarter. 48.53% of the stock is currently owned by institutional investors.

Hesai Group Stock Performance

NASDAQ:HSAI opened at $20.25 on Wednesday. The stock has a fifty day moving average price of $24.15 and a 200-day moving average price of $23.68. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 50.63 and a beta of 1.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.38 and a current ratio of 3.73. Hesai Group has a fifty-two week low of $10.41 and a fifty-two week high of $30.85.

Hesai Group (NASDAQ:HSAI) last released its earnings results on Saturday, February 14th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $143.00 million during the quarter. Hesai Group had a return on equity of 6.63% and a net margin of 14.47%. As a group, equities analysts anticipate that Hesai Group will post -0.14 EPS for the current fiscal 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.