Hesai Group (NASDAQ:HSAI) Position Raised by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd increased its stake in Hesai Group (NASDAQ:HSAI - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,210,817 shares of the company's stock after acquiring an additional 183,417 shares during the quarter. Hesai Group accounts for approximately 4.3% of Polunin Capital Partners Ltd's portfolio, making the stock its 9th largest position. Polunin Capital Partners Ltd owned approximately 0.95% of Hesai Group worth $16,733,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HSAI. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Hesai Group by 47.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company's stock worth $138,000 after buying an additional 9,500 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Hesai Group by 44.1% in the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company's stock worth $208,000 after buying an additional 15,200 shares in the last quarter. Jane Street Group LLC boosted its stake in Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company's stock worth $230,000 after buying an additional 5,186 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new stake in Hesai Group in the third quarter worth approximately $924,000. Institutional investors own 48.53% of the company's stock.

Hesai Group Trading Up 5.4 %

HSAI stock traded up $0.92 on Tuesday, reaching $18.01. The company's stock had a trading volume of 6,454,084 shares, compared to its average volume of 3,026,408. The business has a fifty day simple moving average of $13.76 and a two-hundred day simple moving average of $7.77. Hesai Group has a 12-month low of $3.52 and a 12-month high of $19.99. The firm has a market cap of $2.29 billion, a PE ratio of -40.92, a PEG ratio of 1.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08.

Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its quarterly earnings data on Monday, November 25th. The company reported ($0.05) earnings per share (EPS) for the quarter. Hesai Group had a negative return on equity of 6.79% and a negative net margin of 20.31%. As a group, research analysts forecast that Hesai Group will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HSAI shares. The Goldman Sachs Group raised Hesai Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $5.50 to $18.40 in a research note on Tuesday, January 14th. Morgan Stanley lowered Hesai Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $5.80 to $15.00 in a research note on Monday, January 13th.

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.