12,791 Shares in Hesai Group (NASDAQ:HSAI) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of Hesai Group (NASDAQ:HSAI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,791 shares of the company’s stock, valued at approximately $177,000.

A number of other large investors have also added to or reduced their stakes in HSAI. Jane Street Group LLC grew its holdings in shares of Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock valued at $230,000 after purchasing an additional 5,186 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Hesai Group by 49.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 44,000 shares of the company’s stock worth $608,000 after buying an additional 14,500 shares in the last quarter. Polunin Capital Partners Ltd increased its holdings in shares of Hesai Group by 17.9% in the 4th quarter. Polunin Capital Partners Ltd now owns 1,210,817 shares of the company’s stock worth $16,733,000 after buying an additional 183,417 shares during the last quarter. Finally, Main Management ETF Advisors LLC purchased a new stake in shares of Hesai Group during the 3rd quarter valued at about $924,000. Institutional investors own 48.53% of the company’s stock.

Analyst Ratings Changes

HSAI has been the subject of several recent research reports. Morgan Stanley lowered Hesai Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $5.80 to $15.00 in a research report on Monday, January 13th. Daiwa Capital Markets initiated coverage on Hesai Group in a research report on Tuesday, March 11th. They set a “buy” rating and a $35.00 target price on the stock. The Goldman Sachs Group upgraded Hesai Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $5.50 to $18.40 in a research report on Tuesday, January 14th. Finally, Daiwa America raised shares of Hesai Group to a “strong-buy” rating in a research note on Tuesday, March 11th.

Hesai Group Price Performance

Shares of HSAI stock opened at $15.20 on Friday. The stock has a 50 day moving average price of $17.54 and a 200 day moving average price of $11.12. The firm has a market capitalization of $1.93 billion, a P/E ratio of -34.55, a P/E/G ratio of 1.44 and a beta of 1.07. 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 has a 52-week low of $3.52 and a 52-week high of $24.18.

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.