Polunin Capital Partners Ltd lessened its holdings in shares of Hesai Group (NASDAQ:HSAI - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,180,242 shares of the company's stock after selling 30,575 shares during the quarter. Hesai Group comprises 3.0% of Polunin Capital Partners Ltd's investment portfolio, making the stock its 10th largest position. Polunin Capital Partners Ltd owned about 0.93% of Hesai Group worth $17,468,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. 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 purchased a new stake in Hesai Group in the fourth quarter worth $105,768,000. Millennium Management LLC purchased a new stake in shares of Hesai Group in the fourth quarter worth $14,736,000. Voloridge Investment Management LLC purchased a new stake in shares of Hesai Group in the fourth quarter worth $9,496,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Hesai Group during the fourth quarter valued at $9,265,000. Institutional investors own 48.53% of the company's stock.
Hesai Group Price Performance
NASDAQ HSAI traded down $0.32 during trading hours on Thursday, reaching $19.83. The company's stock had a trading volume of 2,140,300 shares, compared to its average volume of 2,787,777. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -45.07, a P/E/G ratio of 1.44 and a beta of 1.18. Hesai Group has a 1-year low of $3.52 and a 1-year high of $24.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65. The company's 50-day moving average is $16.52 and its two-hundred day moving average is $15.21.
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, beating the consensus estimate of ($0.13) by $0.11. The firm had revenue of $72.39 million during the quarter, compared to analysts' expectations of $532.16 million. Hesai Group had a negative return on equity of 6.79% and a negative net margin of 20.31%. On average, equities analysts predict that Hesai Group will post -0.14 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have weighed in on HSAI shares. Daiwa America raised Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th. Daiwa Capital Markets initiated coverage on Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price target for the company.
Check Out Our Latest Analysis on Hesai Group
About Hesai Group
(
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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