Hesai Group Sponsored ADR (NASDAQ:HSAI) Receives $30.80 Consensus Target Price from Analysts

Hesai Group Sponsored ADR (NASDAQ:HSAI) has earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $30.80.

A number of analysts recently commented on the stock. CICC Research started coverage on shares of Hesai Group in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $23.50 price objective for the company. Sanford C. Bernstein raised Hesai Group to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hesai Group in a research report on Monday, December 29th.

Institutional Trading of Hesai Group

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its holdings in shares of 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 buying an additional 746 shares during the period. Legal & General Group Plc acquired a new stake in shares of Hesai Group during the third quarter worth $71,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hesai Group during the fourth quarter worth $88,000. Leonteq Securities AG bought a new stake in Hesai Group in the 4th quarter valued at $106,000. Finally, Daiwa Securities Group Inc. acquired a new position in Hesai Group in the 2nd quarter worth $108,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.

Hesai Group Price Performance

Shares of HSAI stock opened at $24.35 on Friday. The firm’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $24.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.37 and a current ratio of 5.75. Hesai Group has a 52-week low of $10.41 and a 52-week high of $30.85. The stock has a market cap of $3.41 billion, a PE ratio of 57.98 and a beta of 1.06.

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.