Marshall Wace LLP bought a new stake in shares of Hesai Group (NASDAQ:HSAI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 267,508 shares of the company's stock, valued at approximately $3,697,000. Marshall Wace LLP owned about 0.21% of Hesai Group as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC increased its stake in shares of Hesai Group by 2,704.5% during the 4th quarter. Jump Financial LLC now owns 504,802 shares of the company's stock worth $6,976,000 after purchasing an additional 486,802 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Hesai Group in the fourth quarter worth $1,737,000. XTX Topco Ltd bought a new stake in shares of Hesai Group during the 4th quarter valued at about $414,000. Renaissance Technologies LLC purchased a new position in Hesai Group in the 4th quarter worth approximately $138,000. Finally, Landscape Capital Management L.L.C. bought a new position in Hesai Group in the fourth quarter valued at $168,000. Institutional investors own 48.53% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on HSAI. Morgan Stanley downgraded shares of Hesai Group from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $5.80 to $15.00 in a research note on Monday, January 13th. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th. Daiwa Capital Markets assumed coverage on shares of Hesai Group in a research report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price target on the stock. Finally, The Goldman Sachs Group upgraded Hesai Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $5.50 to $18.40 in a report on Tuesday, January 14th.
Check Out Our Latest Stock Analysis on Hesai Group
Hesai Group Stock Down 6.5 %
Hesai Group stock traded down $1.23 during mid-day trading on Thursday, reaching $17.58. The stock had a trading volume of 2,922,042 shares, compared to its average volume of 2,386,449. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -39.85, a PEG ratio of 1.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65. Hesai Group has a one year low of $3.52 and a one year high of $24.18. The company has a 50-day moving average price of $16.37 and a two-hundred day moving average price of $12.73.
Hesai Group 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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