Schonfeld Strategic Advisors LLC Makes New $1.71 Million Investment in Hesai Group (NASDAQ:HSAI)

Schonfeld Strategic Advisors LLC acquired a new stake in Hesai Group (NASDAQ:HSAI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 123,400 shares of the company's stock, valued at approximately $1,705,000. Schonfeld Strategic Advisors LLC owned about 0.10% of Hesai Group at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HSAI. Robert Bosch GmbH acquired a new stake in Hesai Group during the 4th quarter valued at approximately $105,768,000. Polunin Capital Partners Ltd boosted its stake in shares of Hesai Group by 17.9% during the 4th quarter. Polunin Capital Partners Ltd now owns 1,210,817 shares of the company's stock valued at $16,733,000 after buying an additional 183,417 shares during the last quarter. Jump Financial LLC grew its position in shares of Hesai Group by 2,704.5% during the fourth quarter. Jump Financial LLC now owns 504,802 shares of the company's stock worth $6,976,000 after buying an additional 486,802 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Hesai Group in the fourth quarter worth $3,697,000. Finally, Walleye Capital LLC acquired a new stake in Hesai Group in the fourth quarter valued at $1,737,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HSAI. The Goldman Sachs Group raised shares of Hesai Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $5.50 to $18.40 in a research report on Tuesday, January 14th. Daiwa America upgraded shares of Hesai Group to a "strong-buy" rating in a research note on Tuesday, March 11th. Daiwa Capital Markets assumed coverage on shares of Hesai Group in a report on Tuesday, March 11th. They issued a "buy" rating and a $35.00 target price on the stock. Finally, Morgan Stanley lowered Hesai Group from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $5.80 to $15.00 in a report on Monday, January 13th.

Hesai Group Stock Down 1.9 %

HSAI stock opened at $17.95 on Tuesday. The stock has a market cap of $2.35 billion, a PE ratio of -40.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.17. The firm's 50-day simple moving average is $16.36 and its 200 day simple moving average is $13.13. Hesai Group has a fifty-two week low of $3.52 and a fifty-two week high of $24.18. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.

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.

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