Walleye Capital LLC Acquires Shares of 125,698 Hesai Group (NASDAQ:HSAI)

Walleye Capital LLC bought a new position in Hesai Group (NASDAQ:HSAI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 125,698 shares of the company's stock, valued at approximately $1,737,000. Walleye Capital LLC owned about 0.10% of Hesai Group at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HSAI. Polunin Capital Partners Ltd grew its position in Hesai Group by 17.9% during the fourth 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 period. Trexquant Investment LP bought a new stake in shares of Hesai Group during the 4th quarter valued at $1,667,000. Jane Street Group LLC grew its position in shares of Hesai Group by 11.9% during the 3rd quarter. Jane Street Group LLC now owns 48,943 shares of the company's stock valued at $230,000 after acquiring an additional 5,186 shares during the period. XTX Topco Ltd purchased a new stake in shares of Hesai Group in the 4th quarter worth $414,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Hesai Group during the fourth quarter valued at about $168,000. Institutional investors own 48.53% of the company's stock.

Hesai Group Price Performance

HSAI traded up $0.33 on Friday, hitting $15.36. 1,212,927 shares of the company's stock traded hands, compared to its average volume of 4,660,453. Hesai Group has a one year low of $3.52 and a one year high of $24.18. The company's 50 day simple moving average is $16.49 and its 200-day simple moving average is $12.41. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -34.93, a P/E/G ratio of 1.44 and a beta of 1.35.

Wall Street Analysts Forecast Growth

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

Hesai Group Company 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.