Main Management ETF Advisors LLC lowered its stake in shares of Hesai Group (NASDAQ:HSAI - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,848 shares of the company's stock after selling 16,256 shares during the quarter. Main Management ETF Advisors LLC owned 0.14% of Hesai Group worth $2,499,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Hesai Group during the 4th quarter worth $138,000. Hsbc Holdings PLC bought a new position in shares of Hesai Group during the fourth quarter valued at about $159,000. Landscape Capital Management L.L.C. purchased a new position in Hesai Group during the fourth quarter worth about $168,000. Fox Run Management L.L.C. bought a new stake in Hesai Group in the 4th quarter worth about $177,000. Finally, Oberweis Asset Management Inc. purchased a new stake in Hesai Group in the 4th quarter valued at about $387,000. 48.53% of the stock is owned by hedge funds and other institutional investors.
Hesai Group Stock Up 3.4%
HSAI opened at $18.34 on Wednesday. Hesai Group has a twelve month low of $3.52 and a twelve month high of $24.18. The company's 50-day moving average price is $16.37 and its two-hundred day moving average price is $13.58. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -41.68, a PEG ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Daiwa Capital Markets started 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. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group upgraded Hesai Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $5.50 to $18.40 in a research note on Tuesday, January 14th.
Get Our Latest Research Report on Hesai Group
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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