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

by · The Cerbat Gem

Shares of Hesai Group Sponsored ADR (NASDAQ:HSAI – Get Free Report) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.80.

Several brokerages have recently commented on HSAI. Weiss Ratings reiterated a “hold (c)” rating on shares of Hesai Group in a research report on Monday. Sanford C. Bernstein raised Hesai Group to a “strong-buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group lifted their price target on shares of Hesai Group from $26.30 to $36.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, CICC Research started coverage on shares of Hesai Group in a report on Tuesday, November 25th. They issued an “outperform” rating and a $23.50 price objective for the company.

Check Out Our Latest Analysis on Hesai Group

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in Hesai Group by 2.8% during the 2nd quarter. SG Americas Securities LLC now owns 23,445 shares of the company’s stock valued at $515,000 after acquiring an additional 631 shares during the period. Franklin Resources Inc. lifted its position in Hesai Group by 4.2% in the second quarter. Franklin Resources Inc. now owns 19,548 shares of the company’s stock valued at $429,000 after purchasing an additional 782 shares during the last quarter. Main Management ETF Advisors LLC lifted its position in Hesai Group by 1.6% in the second quarter. Main Management ETF Advisors LLC now owns 62,284 shares of the company’s stock valued at $1,367,000 after purchasing an additional 1,008 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Hesai Group during the second quarter valued at approximately $33,000. Finally, Candriam S.C.A. grew its holdings in shares of Hesai Group by 3.6% in the third quarter. Candriam S.C.A. now owns 72,000 shares of the company’s stock worth $2,023,000 after purchasing an additional 2,500 shares during the last quarter. 48.53% of the stock is owned by institutional investors.

Hesai Group Stock Performance

Hesai Group stock opened at $22.52 on Monday. Hesai Group has a fifty-two week low of $10.41 and a fifty-two week high of $30.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.37 and a current ratio of 5.75. The stock has a market cap of $2.95 billion, a P/E ratio of 53.62 and a beta of 1.21. The firm’s fifty day moving average price is $20.96 and its 200-day moving average price is $22.81.

Hesai Group (NASDAQ:HSAI – Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.14. Hesai Group had a net margin of 15.70% and a return on equity of 8.04%. The company had revenue of $111.72 million during the quarter, compared to analyst estimates of $116.11 million. On average, equities research analysts expect that Hesai Group will post -0.14 earnings per share for the current fiscal year.

Hesai Group Company Profile

(Get Free Report)

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.

Featured Stories