710,125 Shares in Hesai Group Sponsored ADR $HSAI Acquired by Sapient Capital LLC

Sapient Capital LLC bought a new stake in Hesai Group Sponsored ADR (NASDAQ:HSAI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 710,125 shares of the company’s stock, valued at approximately $13,574,000.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in Hesai Group by 45.3% in the 1st quarter. Bessemer Group Inc. now owns 2,325 shares of the company’s stock worth $44,000 after buying an additional 725 shares in the last quarter. Blue Trust Inc. purchased a new position in Hesai Group in the first quarter worth $51,000. Summit Securities Group LLC bought a new position in Hesai Group in the first quarter valued at $56,000. SBI Securities Co. Ltd. increased its stake in 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 acquiring an additional 746 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Hesai Group during the third quarter valued at about $71,000. 48.53% of the stock is currently owned by institutional investors.

Hesai Group Stock Performance

NASDAQ HSAI opened at $16.90 on Monday. The company has a 50-day simple moving average of $17.21 and a two-hundred day simple moving average of $21.54. Hesai Group Sponsored ADR has a 12-month low of $14.29 and a 12-month high of $30.85. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 0.65 and a beta of 1.37. The company has a quick ratio of 4.52, a current ratio of 4.97 and a debt-to-equity ratio of 0.03.

Hesai Group (NASDAQ:HSAI) last released its quarterly earnings data on Friday, May 15th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Hesai Group had a return on equity of 6.03% and a net margin of 14.75%.The firm had revenue of $98.71 million for the quarter, compared to the consensus estimate of $96.50 million. On average, equities analysts forecast that Hesai Group Sponsored ADR will post 0.66 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on HSAI shares. Wall Street Zen raised Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hesai Group in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $31.50.

Hesai Group 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.