D. E. Shaw & Co. Inc. purchased a new stake in Hesai Group (NASDAQ:HSAI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 670,400 shares of the company's stock, valued at approximately $9,265,000. D. E. Shaw & Co. Inc. owned 0.53% of Hesai Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Hesai Group during the fourth quarter valued at approximately $138,000. Hsbc Holdings PLC acquired a new stake in Hesai Group during the 4th quarter worth approximately $159,000. Landscape Capital Management L.L.C. acquired a new stake in Hesai Group during the 4th quarter worth approximately $168,000. Fox Run Management L.L.C. acquired a new stake in Hesai Group during the 4th quarter worth approximately $177,000. Finally, Oberweis Asset Management Inc. acquired a new stake in Hesai Group during the 4th quarter worth approximately $387,000. 48.53% of the stock is owned by institutional investors and hedge funds.
Hesai Group Stock Performance
Shares of HSAI traded up $1.10 on Monday, reaching $18.78. 3,455,131 shares of the company's stock traded hands, compared to its average volume of 2,606,645. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.46 billion, a PE ratio of -42.68, a PEG ratio of 1.44 and a beta of 1.18. The stock's 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $13.92. Hesai Group has a 52-week low of $3.52 and a 52-week high of $24.18.
Analyst Upgrades and Downgrades
HSAI has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on Hesai Group in a research note on Tuesday, March 11th. They issued a "buy" rating and a $35.00 price target for the company. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research note on Tuesday, March 11th.
Read Our Latest Report on HSAI
Hesai Group Profile
(
Free Report)
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.
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