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

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.65.

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Bank of America upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kingsoft Cloud in a research report on Tuesday, September 16th. They issued a “buy” rating and a $21.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st.

Institutional Trading of Kingsoft Cloud

Hedge funds have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new position in Kingsoft Cloud during the third quarter valued at about $51,504,000. JPMorgan Chase & Co. raised its position in Kingsoft Cloud by 2,541.3% in the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after acquiring an additional 1,086,372 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Kingsoft Cloud in the 2nd quarter valued at about $5,955,000. LMR Partners LLP boosted its position in shares of Kingsoft Cloud by 1,114.5% during the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after purchasing an additional 475,533 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud in the 3rd quarter worth approximately $6,896,000. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Trading Down 1.3%

Shares of NASDAQ KC opened at $10.93 on Thursday. Kingsoft Cloud has a 12-month low of $8.14 and a 12-month high of $22.26. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -21.02 and a beta of 2.01. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $12.22 and its 200 day simple moving average is $13.39.

About Kingsoft Cloud

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.