SG Americas Securities LLC purchased a new position in Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,814 shares of the company's stock, valued at approximately $338,000.
A number of other institutional investors also recently bought and sold shares of the stock. Lightspeed Management Company L.L.C. bought a new position in shares of Hesai Group during the fourth quarter valued at approximately $110,560,000. Robert Bosch GmbH bought a new position in shares of Hesai Group during the fourth quarter valued at approximately $105,768,000. Millennium Management LLC bought a new position in shares of Hesai Group during the fourth quarter valued at approximately $14,736,000. Voloridge Investment Management LLC bought a new position in shares of Hesai Group during the fourth quarter valued at approximately $9,496,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Hesai Group during the fourth quarter valued at approximately $9,265,000. 48.53% of the stock is owned by institutional investors.
Hesai Group Price Performance
Shares of HSAI opened at $19.37 on Thursday. The company has a market capitalization of $2.54 billion, a P/E ratio of -645.67 and a beta of 1.06. The company has a quick ratio of 3.62, a current ratio of 4.06 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $18.13 and a 200 day moving average of $16.52. Hesai Group Sponsored ADR has a twelve month low of $3.52 and a twelve month high of $24.18.
Hesai Group (NASDAQ:HSAI - Get Free Report) last announced its quarterly earnings results on Monday, May 26th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. The company had revenue of $72.39 million during the quarter, compared to the consensus estimate of $532.16 million. Hesai Group had a negative net margin of 0.72% and a positive return on equity of 1.00%. As a group, equities research analysts anticipate that Hesai Group Sponsored ADR will post -0.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have weighed in on HSAI shares. Jefferies Financial Group started coverage on shares of Hesai Group in a research note on Monday, June 9th. They set a "buy" rating and a $29.30 target price for the company. Daiwa Capital Markets started coverage on shares of Hesai Group in a research note on Tuesday, March 11th. They set a "buy" rating and a $35.00 target price for the company. Finally, Daiwa America raised shares of Hesai Group to a "strong-buy" rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $24.43.
View Our Latest Report on HSAI
Hesai Group Company 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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