Hesai Group (NASDAQ:HSAI) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Hesai Group (NASDAQ:HSAI) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,104,843 shares of the company’s stock after purchasing an additional 38,234 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hesai Group were worth $9,844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HSAI. JPMorgan Chase & Co. purchased a new position in shares of Hesai Group during the first quarter worth about $68,000. UBS Group AG acquired a new stake in shares of Hesai Group in the 1st quarter valued at about $78,000. Barclays PLC purchased a new position in Hesai Group during the 1st quarter worth approximately $110,000. Citigroup Inc. acquired a new position in Hesai Group during the second quarter worth approximately $147,000. Finally, Nomura Holdings Inc. acquired a new position in Hesai Group during the first quarter worth approximately $173,000. Institutional investors and hedge funds own 48.53% of the company’s stock.

Hesai Group Price Performance

HSAI stock opened at $4.52 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.92 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $567.44 million, a P/E ratio of -8.53 and a beta of 1.75. The business has a 50 day simple moving average of $4.56 and a 200-day simple moving average of $7.48. Hesai Group has a twelve month low of $3.28 and a twelve month high of $13.98.

Hesai Group (NASDAQ:HSAI) last released its quarterly earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter. Hesai Group had a negative net margin of 25.38% and a negative return on equity of 10.93%. The business had revenue of $79.04 million during the quarter. As a group, equities analysts anticipate that Hesai Group will post -0.02 EPS for the current year.

Hesai Group Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.