Kingsoft Cloud Holdings Limited (NASDAQ:KC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KCGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.55.

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

Check Out Our Latest Stock Analysis on Kingsoft Cloud

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its holdings in Kingsoft Cloud by 50.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,325 shares of the company’s stock worth $58,000 after purchasing an additional 5,126 shares during the period. Jump Financial LLC purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at $136,000. Russell Investments Group Ltd. increased its stake 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 period. Sei Investments Co. raised its holdings in shares of Kingsoft Cloud by 33.6% in the first quarter. Sei Investments Co. now owns 139,988 shares of the company’s stock valued at $426,000 after acquiring an additional 35,175 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Kingsoft Cloud in the first quarter worth about $649,000. 13.40% of the stock is currently owned by institutional investors.

Kingsoft Cloud Price Performance

KC stock opened at $2.65 on Friday. The company has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $3.19. Kingsoft Cloud has a 52 week low of $2.34 and a 52 week high of $7.42. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $672.28 million, a P/E ratio of -2.35 and a beta of 2.03.

Kingsoft Cloud (NASDAQ:KCGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Kingsoft Cloud had a negative net margin of 27.62% and a negative return on equity of 25.61%. The business had revenue of $242.60 million during the quarter, compared to the consensus estimate of $240.44 million. Analysts anticipate that Kingsoft Cloud will post -0.45 earnings per share for the current fiscal year.

Kingsoft Cloud Company Profile

(Get Free Report

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily 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, network, database, big data, security, storage, and delivery solutions.

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Analyst Recommendations for Kingsoft Cloud (NASDAQ:KC)

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