Hesai Group (NASDAQ:HSAI – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, FiscalAI reports. Hesai Group had a net margin of 14.75% and a return on equity of 6.03%.
Hesai Group Trading Down 0.8%
HSAI stock opened at $18.07 on Tuesday. The company has a market cap of $2.53 billion, a P/E ratio of 41.07, a PEG ratio of 0.75 and a beta of 1.37. Hesai Group has a twelve month low of $14.29 and a twelve month high of $30.85. The company has a quick ratio of 4.52, a current ratio of 4.97 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $16.85 and a 200-day moving average of $20.84.
Analyst Upgrades and Downgrades
HSAI has been the subject of several research reports. Wall Street Zen upgraded shares of Hesai Group from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hesai Group in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $31.50.
Hedge Funds Weigh In On Hesai Group
Hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Hesai Group by 2.8% in the fourth quarter. Advisors Asset Management Inc. now owns 15,929 shares of the company’s stock worth $357,000 after purchasing an additional 430 shares during the period. Royal Bank of Canada lifted its position in Hesai Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 5,311 shares of the company’s stock valued at $119,000 after purchasing an additional 726 shares during the period. Vontobel Holding Ltd. lifted its position in Hesai Group by 9.7% during the 4th quarter. Vontobel Holding Ltd. now owns 23,957 shares of the company’s stock valued at $537,000 after purchasing an additional 2,123 shares during the period. Legal & General Group Plc acquired a new position in Hesai Group during the 3rd quarter valued at about $71,000. Finally, Brooklyn Investment Group boosted its stake in shares of Hesai Group by 22.3% in the 4th quarter. Brooklyn Investment Group now owns 18,781 shares of the company’s stock valued at $422,000 after purchasing an additional 3,425 shares during the last quarter. Institutional investors own 48.53% of the company’s stock.
Hesai Group Company Profile
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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