Hesai Group Sponsored ADR (NASDAQ:HSAI) Receives $30.13 Consensus Target Price from Analysts

Hesai Group Sponsored ADR (NASDAQ:HSAI) has received an average rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.1250.

A number of research analysts have recently commented on HSAI shares. Wall Street Zen lowered Hesai Group from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. BNP Paribas Exane began coverage on Hesai Group in a report on Thursday, March 26th. They set an “outperform” rating for the company. Finally, Weiss Ratings lowered Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th.

Hesai Group Price Performance

Shares of HSAI stock opened at $16.89 on Monday. Hesai Group has a 12 month low of $14.69 and a 12 month high of $30.85. The firm has a market cap of $2.36 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33. The stock has a 50 day moving average of $20.93 and a 200-day moving average of $22.90. 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 issued its quarterly earnings results on Friday, May 15th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Hesai Group had a return on equity of 6.03% and a net margin of 14.75%.The company had revenue of $98.71 million during the quarter, compared to analyst estimates of $96.50 million. On average, equities analysts predict that Hesai Group will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HSAI. Schroder Investment Management Group raised its stake in shares of Hesai Group by 17,419.6% in the fourth quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock valued at $46,276,000 after purchasing an additional 2,054,114 shares in the last quarter. Aberdeen Group plc acquired a new position in shares of Hesai Group in the third quarter valued at $38,241,000. Federated Hermes Inc. raised its stake in shares of Hesai Group by 8,076.3% in the fourth quarter. Federated Hermes Inc. now owns 1,263,894 shares of the company’s stock valued at $28,311,000 after purchasing an additional 1,248,436 shares in the last quarter. Norges Bank acquired a new position in shares of Hesai Group in the fourth quarter valued at $24,260,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Hesai Group by 345.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after purchasing an additional 961,493 shares in the last quarter. 48.53% of the stock is currently owned by institutional investors and hedge funds.

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.