Hesai Group Sponsored ADR (HSAI) – What Are Brokerages Saying About This Stock?

Shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) have been given a consensus rating of “Buy” by the four ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.50.

A number of analysts have recently commented on HSAI shares. Weiss Ratings lowered shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Hesai Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd.

Institutional Investors Weigh In On Hesai Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSAI. Bessemer Group Inc. grew its holdings in Hesai Group by 45.3% during the 1st quarter. Bessemer Group Inc. now owns 2,325 shares of the company’s stock valued at $44,000 after buying an additional 725 shares in the last quarter. Blue Trust Inc. bought a new stake in Hesai Group in the 1st quarter valued at $51,000. Summit Securities Group LLC purchased a new stake in Hesai Group in the 1st quarter worth $56,000. Leonteq Securities AG lifted its stake in Hesai Group by 107.9% in the 1st quarter. Leonteq Securities AG now owns 9,833 shares of the company’s stock worth $188,000 after purchasing an additional 5,104 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Hesai Group in the 2nd quarter worth $234,000. 48.53% of the stock is owned by hedge funds and other institutional investors.

Hesai Group Trading Up 8.2%

Shares of HSAI opened at $13.13 on Friday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 32.03, a PEG ratio of 0.67 and a beta of 1.36. Hesai Group has a twelve month low of $12.00 and a twelve month high of $29.35. The company has a quick ratio of 4.86, a current ratio of 5.37 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $16.33 and a two-hundred day simple moving average of $18.12.

Hesai Group (NASDAQ:HSAI) last posted its earnings results on Saturday, August 15th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Hesai Group had a return on equity of 5.52% and a net margin of 14.77%. The company had revenue of $126.70 million during the quarter, compared to analysts’ expectations of $126.00 million. On average, research analysts anticipate that Hesai Group will post 0.45 EPS for the current year.

About Hesai Group

Hesai Group is a global developer and manufacturer of lidar, or light detection and ranging, technology. Its sensors use laser signals to measure the surrounding environment and generate detailed three-dimensional data for applications that require perception, navigation, and obstacle detection.

The company’s products are designed primarily for advanced driver-assistance systems and autonomous driving, including passenger vehicles, commercial vehicles, and robotaxi fleets. Hesai also provides lidar solutions for robotics, last-mile delivery, industrial applications, and other forms of autonomous mobility.