Kingsoft Cloud Holdings Limited (NASDAQ:KC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KCGet Free Report) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.55.

Several brokerages recently weighed in on KC. Jefferies Financial Group boosted their price objective on shares of Kingsoft Cloud from $3.40 to $3.80 and gave the stock a “buy” rating in a research note on Monday, March 25th. CLSA upgraded Kingsoft Cloud from an “underperform” rating to an “outperform” rating and set a $4.40 price target on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised Kingsoft Cloud from a “neutral” rating to an “overweight” rating in a research note on Monday, March 11th. Finally, Citigroup raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Thursday, March 21st.

Check Out Our Latest Stock Report on Kingsoft Cloud

Kingsoft Cloud Stock Performance

NASDAQ:KC opened at $3.60 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $913.28 million, a PE ratio of -2.79 and a beta of 2.07. Kingsoft Cloud has a twelve month low of $2.34 and a twelve month high of $7.42. The stock’s 50-day simple moving average is $3.06 and its 200 day simple moving average is $3.45.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Kingsoft Cloud had a negative net margin of 30.81% and a negative return on equity of 27.14%. The company had revenue of $242.60 million during the quarter, compared to the consensus estimate of $240.44 million. On average, analysts anticipate that Kingsoft Cloud will post -0.45 EPS for the current fiscal year.

Institutional Trading of Kingsoft Cloud

Several large investors have recently modified their holdings of KC. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kingsoft Cloud by 95.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 640,486 shares of the company’s stock worth $1,947,000 after acquiring an additional 312,132 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Kingsoft Cloud by 3.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 625,022 shares of the company’s stock valued at $2,363,000 after purchasing an additional 20,084 shares in the last quarter. Sei Investments Co. raised its holdings in Kingsoft Cloud by 33.6% during the first quarter. Sei Investments Co. now owns 139,988 shares of the company’s stock worth $426,000 after buying an additional 35,175 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of Kingsoft Cloud in the third quarter valued at $677,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kingsoft Cloud by 35.6% during the fourth quarter. Russell Investments Group Ltd. now owns 60,595 shares of the company’s stock valued at $229,000 after buying an additional 15,913 shares during the last quarter. Institutional investors and hedge funds own 13.40% of the company’s stock.

About Kingsoft Cloud

(Get Free Report

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, storage, and delivery solutions.

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Analyst Recommendations for Kingsoft Cloud (NASDAQ:KC)

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