Hesai Group (NASDAQ:HSAI) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Hesai Group (NASDAQ:HSAI) in a report published on Thursday, MarketBeat reports. The brokerage issued an outperform rating on the stock.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Hesai Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $29.96.

Hesai Group Price Performance

Hesai Group stock opened at $19.39 on Thursday. Hesai Group has a 52-week low of $10.41 and a 52-week high of $30.85. The firm has a market capitalization of $2.71 billion, a P/E ratio of 48.48 and a beta of 1.06. The company has a quick ratio of 5.37, a current ratio of 3.73 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $25.42 and a 200-day moving average of $24.25.

Hesai Group (NASDAQ:HSAI) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09). The company had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $155.57 million. Hesai Group had a net margin of 14.47% and a return on equity of 6.63%. As a group, analysts predict that Hesai Group will post -0.14 EPS for the current year.

Institutional Trading of Hesai Group

A number of large investors have recently modified their holdings of the company. Aristides Capital LLC increased its position in Hesai Group by 4.6% in the 4th quarter. Aristides Capital LLC now owns 127,024 shares of the company’s stock valued at $2,845,000 after acquiring an additional 5,610 shares during the period. Vident Advisory LLC raised its holdings in shares of Hesai Group by 37.2% in the 4th quarter. Vident Advisory LLC now owns 16,228 shares of the company’s stock worth $364,000 after purchasing an additional 4,402 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Hesai Group by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 1,888,544 shares of the company’s stock valued at $42,303,000 after acquiring an additional 38,312 shares during the last quarter. SRS Investment Management LLC purchased a new stake in shares of Hesai Group during the fourth quarter valued at $12,516,000. Finally, Praetorian PR LLC purchased a new stake in Hesai Group during the fourth quarter valued at about $257,000. 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.