Brokerages Set Hesai Group Sponsored ADR (NASDAQ:HSAI) Target Price at $31.50

Hesai Group Sponsored ADR (NASDAQ:HSAIGet Free Report) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.50.

HSAI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hesai Group in a research report on Friday, July 24th. Wall Street Zen raised Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th.

View Our Latest Analysis on HSAI

Hedge Funds Weigh In On Hesai Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Hesai Group by 45.3% during the 1st quarter. Bessemer Group Inc. now owns 2,325 shares of the company’s stock worth $44,000 after purchasing an additional 725 shares in the last quarter. Legal & General Group Plc bought a new position in Hesai Group in the third quarter valued at approximately $71,000. Blue Trust Inc. acquired a new position in shares of Hesai Group in the first quarter valued at approximately $51,000. SBI Securities Co. Ltd. boosted its holdings in shares of Hesai Group by 37.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,738 shares of the company’s stock valued at $61,000 after buying an additional 746 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of Hesai Group during the first quarter worth $56,000. 48.53% of the stock is currently owned by institutional investors and hedge funds.

Hesai Group Stock Up 0.4%

Shares of NASDAQ HSAI opened at $19.30 on Tuesday. Hesai Group has a 52-week low of $14.29 and a 52-week high of $30.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.52 and a current ratio of 4.97. The stock has a market cap of $2.70 billion, a P/E ratio of 43.86, a P/E/G ratio of 0.74 and a beta of 1.37. The firm has a 50 day moving average price of $16.98 and a 200 day moving average price of $21.14.

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

Hesai Group Company Profile

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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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Analyst Recommendations for Hesai Group (NASDAQ:HSAI)

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