Robeco Institutional Asset Management B.V. Makes New Investment in Hesai Group Sponsored ADR (NASDAQ:HSAI)

Robeco Institutional Asset Management B.V. acquired a new position in Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 187,951 shares of the company's stock, valued at approximately $2,782,000. Robeco Institutional Asset Management B.V. owned approximately 0.14% of Hesai Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Hesai Group in the 1st quarter worth $42,000. Renaissance Technologies LLC bought a new stake in shares of Hesai Group in the 4th quarter worth $138,000. Sovereign Financial Group Inc. bought a new stake in shares of Hesai Group in the 1st quarter worth $148,000. Hsbc Holdings PLC bought a new stake in shares of Hesai Group in the 4th quarter worth $159,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Hesai Group in the 4th quarter worth $168,000. Institutional investors own 48.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HSAI. Daiwa America upgraded 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 on the stock. Finally, Jefferies Financial Group initiated coverage on Hesai Group in a research note on Monday, June 9th. They issued a "buy" rating and a $29.30 target price on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $24.43.

Hesai Group Stock Up 5.0%

NASDAQ HSAI traded up $1.05 on Friday, reaching $21.78. The stock had a trading volume of 3,122,831 shares, compared to its average volume of 3,025,172. The business has a 50 day moving average price of $19.35 and a 200 day moving average price of $17.01. The company has a current ratio of 4.06, a quick ratio of 3.62 and a debt-to-equity ratio of 0.09. Hesai Group Sponsored ADR has a 1 year low of $3.52 and a 1 year high of $24.18. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -725.83 and a beta of 1.14.

Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its earnings results on Monday, May 26th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.11. Hesai Group had a positive return on equity of 1.00% and a negative net margin of 0.72%. The firm had revenue of $72.39 million for the quarter, compared to the consensus estimate of $532.16 million. On average, analysts forecast that Hesai Group Sponsored ADR will post -0.14 EPS for the current fiscal year.

Hesai Group Company Profile

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.