GF Fund Management CO. LTD. purchased a new stake in shares of Hesai Group (NASDAQ:HSAI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 175,000 shares of the company's stock, valued at approximately $2,418,000. GF Fund Management CO. LTD. owned about 0.14% of Hesai Group as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in HSAI. Lightspeed Management Company L.L.C. acquired a new position in Hesai Group during the 4th quarter valued at about $110,560,000. Robert Bosch GmbH acquired a new position in Hesai Group during the 4th quarter valued at about $105,768,000. Millennium Management LLC acquired a new position in Hesai Group during the 4th quarter valued at about $14,736,000. Voloridge Investment Management LLC purchased a new position in shares of Hesai Group in the 4th quarter worth approximately $9,496,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Hesai Group in the 4th quarter worth approximately $9,265,000. Institutional investors and hedge funds own 48.53% of the company's stock.
Hesai Group Stock Performance
Shares of NASDAQ HSAI traded down $0.66 during midday trading on Thursday, reaching $20.16. The company's stock had a trading volume of 3,752,777 shares, compared to its average volume of 2,739,513. Hesai Group has a 12-month low of $3.52 and a 12-month high of $24.18. The firm has a 50 day moving average price of $16.32 and a 200-day moving average price of $14.69. The stock has a market capitalization of $2.64 billion, a P/E ratio of -45.82, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65.
Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings results on Monday, May 26th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.11. The company had revenue of $72.39 million for the quarter, compared to analysts' expectations of $532.16 million. Hesai Group had a negative net margin of 20.31% and a negative return on equity of 6.79%. As a group, equities analysts predict that Hesai Group will post -0.14 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research note on Tuesday, March 11th. Daiwa Capital Markets assumed coverage on Hesai Group in a research note on Tuesday, March 11th. They issued a "buy" rating and a $35.00 target price on the stock.
Check Out Our Latest Research 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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