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

Shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) have been given an average rating of “Buy” by the eight brokerages that are currently covering the stock, 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.96.

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

Hesai Group Stock Performance

NASDAQ HSAI opened at $19.12 on Wednesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 47.80 and a beta of 1.06. The stock has a 50-day simple moving average of $24.82 and a two-hundred day simple moving average of $23.99. 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 issued its earnings results on Saturday, February 14th. The company reported $0.16 EPS for the quarter. The firm had revenue of $143.00 million for the quarter. Hesai Group had a return on equity of 6.63% and a net margin of 14.47%. On average, equities analysts forecast that Hesai Group will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HSAI. Schroder Investment Management Group increased its stake in Hesai Group by 17,419.6% during the 4th quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after buying an additional 2,054,114 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of Hesai Group in the third quarter worth approximately $38,241,000. Federated Hermes Inc. boosted its stake in shares of Hesai Group by 8,076.3% in the fourth quarter. Federated Hermes Inc. now owns 1,263,894 shares of the company’s stock worth $28,311,000 after acquiring an additional 1,248,436 shares during the last quarter. Norges Bank purchased a new stake in shares of Hesai Group during the fourth quarter worth approximately $24,260,000. Finally, Goldman Sachs Group Inc. raised its stake in Hesai Group by 345.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after purchasing an additional 961,493 shares during the last quarter. 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.