Aristides Capital LLC Has $3.41 Million Stock Position in Hesai Group Sponsored ADR $HSAI

Aristides Capital LLC increased its stake in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) by 204.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,414 shares of the company’s stock after acquiring an additional 81,500 shares during the quarter. Hesai Group comprises approximately 0.5% of Aristides Capital LLC’s holdings, making the stock its 24th largest holding. Aristides Capital LLC owned 0.09% of Hesai Group worth $3,412,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Hesai Group by 18.3% in the third quarter. Vanguard Group Inc. now owns 4,078,330 shares of the company’s stock valued at $114,601,000 after buying an additional 629,680 shares during the period. SG Americas Securities LLC increased its stake in Hesai Group by 696.6% during the third quarter. SG Americas Securities LLC now owns 186,755 shares of the company’s stock valued at $5,248,000 after acquiring an additional 163,310 shares during the period. Allianz Asset Management GmbH increased its stake in Hesai Group by 29.1% during the third quarter. Allianz Asset Management GmbH now owns 2,594,744 shares of the company’s stock valued at $72,912,000 after acquiring an additional 584,468 shares during the period. Robeco Schweiz AG raised its holdings in Hesai Group by 131.8% in the 3rd quarter. Robeco Schweiz AG now owns 881,000 shares of the company’s stock valued at $24,756,000 after acquiring an additional 501,000 shares in the last quarter. Finally, Aberdeen Group plc bought a new stake in shares of Hesai Group in the 3rd quarter worth approximately $38,241,000. 48.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HSAI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Hesai Group in a report on Monday, December 29th. CICC Research began coverage on Hesai Group in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $23.50 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $29.96.

Hesai Group Stock Performance

NASDAQ:HSAI opened at $24.34 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 57.95 and a beta of 1.06. The company has a quick ratio of 5.37, a current ratio of 5.75 and a debt-to-equity ratio of 0.04. Hesai Group Sponsored ADR has a 12-month low of $10.41 and a 12-month high of $30.85. The firm has a 50-day moving average price of $26.18 and a 200 day moving average price of $24.46.

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.