Stock Traders Purchase Large Volume of Call Options on Hesai Group (NASDAQ:HSAI)

Hesai Group Sponsored ADR (NASDAQ:HSAI – Get Free Report) saw unusually large options trading activity on Tuesday. Traders purchased 8,642 call options on the stock. This represents an increase of 366% compared to the average volume of 1,854 call options.

Analyst Ratings Changes

A number of research analysts have recently commented on HSAI shares. Wall Street Zen lowered shares of Hesai Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. BNP Paribas Exane initiated coverage on Hesai Group in a research report on Thursday, March 26th. They set an “outperform” rating on the stock. Finally, Weiss Ratings lowered Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $30.12.

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Hesai Group Stock Up 15.6%

Shares of HSAI stock opened at $18.22 on Wednesday. The stock has a market cap of $2.55 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. Hesai Group has a one year low of $14.40 and a one year high of $30.85. The stock has a fifty day moving average price of $19.92 and a 200 day moving average price of $22.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.52.

Hesai Group (NASDAQ:HSAI – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%. The firm had revenue of $98.71 million for the quarter, compared to analyst estimates of $96.50 million. Analysts predict that Hesai Group will post 0.66 earnings per share for the current year.

Institutional Trading of Hesai Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group raised its position in Hesai Group by 17,419.6% in the fourth quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after purchasing an additional 2,054,114 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Hesai Group by 8,076.3% during the fourth quarter. Federated Hermes Inc. now owns 1,263,894 shares of the company’s stock valued at $28,311,000 after purchasing an additional 1,248,436 shares in the last quarter. Norges Bank bought a new stake in shares of Hesai Group in the 4th quarter valued at approximately $24,260,000. Goldman Sachs Group Inc. grew its stake in shares of Hesai Group by 345.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after purchasing an additional 961,493 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Hesai Group by 124.6% in the 4th quarter. Deutsche Bank AG now owns 1,624,870 shares of the company’s stock worth $36,397,000 after buying an additional 901,370 shares in the last quarter. Institutional investors own 48.53% of the company’s stock.

Hesai Group Company Profile

(Get Free Report)

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.

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