Two Sigma Advisers LP Buys Shares of 123,200 Hesai Group (NASDAQ:HSAI)

Two Sigma Advisers LP acquired a new stake in shares of Hesai Group (NASDAQ:HSAI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,200 shares of the company's stock, valued at approximately $1,703,000. Two Sigma Advisers LP owned approximately 0.10% of Hesai Group at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HSAI. Renaissance Technologies LLC bought a new stake in Hesai Group in the fourth quarter valued at $138,000. Hsbc Holdings PLC bought a new stake in shares of Hesai Group in the 4th quarter worth about $159,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Hesai Group during the 4th quarter worth about $168,000. Fox Run Management L.L.C. acquired a new stake in shares of Hesai Group during the 4th quarter worth about $177,000. Finally, Oberweis Asset Management Inc. bought a new position in Hesai Group during the 4th quarter valued at about $387,000. 48.53% of the stock is currently owned by institutional investors.

Hesai Group Price Performance

Shares of HSAI stock traded down $1.48 during trading hours on Friday, reaching $18.68. 5,088,777 shares of the company were exchanged, compared to its average volume of 2,776,643. 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 stock's fifty day moving average is $16.36 and its two-hundred day moving average is $14.90. Hesai Group has a fifty-two week low of $3.52 and a fifty-two week high of $24.18. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -42.45, a P/E/G ratio of 1.44 and a beta of 1.18.

Hesai Group (NASDAQ:HSAI - Get Free Report) last released its 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 company 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%. Sell-side analysts forecast that Hesai Group will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HSAI has been the subject of several recent analyst reports. Daiwa Capital Markets assumed coverage on shares of Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price objective for the company. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th.

Hesai Group 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.