Aristides Capital LLC Boosts Holdings in Hesai Group Sponsored ADR $HSAI

Aristides Capital LLC raised its stake in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI) by 27.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,466 shares of the company’s stock after purchasing an additional 35,442 shares during the period. Hesai Group accounts for 0.5% of Aristides Capital LLC’s portfolio, making the stock its 29th largest position. Aristides Capital LLC owned about 0.12% of Hesai Group worth $3,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HSAI. Advisors Asset Management Inc. lifted its position in Hesai Group by 2.8% during the fourth quarter. Advisors Asset Management Inc. now owns 15,929 shares of the company’s stock valued at $357,000 after buying an additional 430 shares in the last quarter. Main Management ETF Advisors LLC boosted its position in Hesai Group by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 50,112 shares of the company’s stock worth $1,123,000 after purchasing an additional 512 shares during the period. Bessemer Group Inc. increased its holdings in Hesai Group by 45.3% in the 1st quarter. Bessemer Group Inc. now owns 2,325 shares of the company’s stock valued at $44,000 after purchasing an additional 725 shares in the last quarter. Royal Bank of Canada raised its position in Hesai Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 5,311 shares of the company’s stock valued at $119,000 after purchasing an additional 726 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in 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 purchasing an additional 746 shares during the period. Hedge funds and other institutional investors own 48.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, BNP Paribas Exane initiated coverage on shares of Hesai Group in a report on Thursday, March 26th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $30.12.

Hesai Group Stock Down 0.8%

HSAI stock opened at $14.76 on Friday. The stock has a market cap of $2.07 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35. The firm’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $21.99. Hesai Group Sponsored ADR has a fifty-two week low of $14.36 and a fifty-two week high of $30.85. The company has a quick ratio of 4.52, a current ratio of 4.97 and a debt-to-equity ratio of 0.03.

Hesai Group (NASDAQ:HSAI) last posted its earnings results on Friday, May 15th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%. The firm had revenue of $98.71 million during the quarter, compared to analysts’ expectations of $96.50 million. As a group, sell-side analysts predict that Hesai Group Sponsored ADR will post 0.66 EPS for the current year.

About Hesai Group

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.