Hesai Group Sponsored ADR (NASDAQ:HSAI) Receives Average Rating of "Buy" from Analysts

Key Points

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Hesai Group Sponsored ADR (NASDAQ:HSAI - Get Free Report) has been given an average recommendation of "Buy" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.74.

HSAI has been the topic of a number of analyst reports. UBS Group started coverage on shares of Hesai Group in a research report on Tuesday. They issued a "buy" rating and a $35.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Hesai Group in a research note on Monday, June 9th. They issued a "buy" rating and a $29.30 price objective on the stock. Finally, Morgan Stanley raised shares of Hesai Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $23.00 to $26.00 in a research note on Monday, July 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HSAI. SBI Securities Co. Ltd. grew its holdings in Hesai Group by 138.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,150 shares of the company's stock valued at $32,000 after buying an additional 1,249 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Hesai Group in the 2nd quarter valued at $33,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Hesai Group in the 1st quarter valued at $42,000. Daiwa Securities Group Inc. acquired a new position in shares of Hesai Group in the 2nd quarter valued at $108,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Hesai Group in the 4th quarter valued at $138,000. Institutional investors own 48.53% of the company's stock.

Hesai Group Trading Up 1.3%

Shares of NASDAQ HSAI traded up $0.35 during midday trading on Tuesday, reaching $26.97. 723,803 shares of the stock were exchanged, compared to its average volume of 4,248,550. The company has a 50 day simple moving average of $21.28 and a 200 day simple moving average of $18.69. The stock has a market capitalization of $3.54 billion, a P/E ratio of 300.26 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.62 and a current ratio of 4.06. Hesai Group has a twelve month low of $3.56 and a twelve month high of $27.94.

Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.72). The company had revenue of $98.61 million for the quarter, compared to analysts' expectations of $846.98 million. Hesai Group had a return on equity of 3.18% and a net margin of 4.00%. As a group, equities analysts expect that Hesai Group will post -0.14 earnings per share for the current year.

About Hesai Group

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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