Kingsoft Cloud (NASDAQ:KC) Cut to Hold at Zacks Research

Zacks Research cut shares of Kingsoft Cloud (NASDAQ:KC) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price objective on the stock in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average target price of $18.30.

Kingsoft Cloud Stock Performance

KC stock opened at $13.53 on Monday. The stock has a market capitalization of $4.09 billion, a PE ratio of -26.02 and a beta of 2.04. Kingsoft Cloud has a 12-month low of $10.29 and a 12-month high of $19.57. 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 $12.80 and its 200 day simple moving average is $13.05.

Institutional Investors Weigh In On Kingsoft Cloud

A number of hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its holdings in shares of Kingsoft Cloud by 16.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after buying an additional 564,907 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 during the period. Penserra Capital Management LLC increased its position in Kingsoft Cloud by 32.8% during the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after acquiring an additional 155,788 shares during the last quarter. Defiance ETFs LLC purchased a new stake in Kingsoft Cloud during the fourth quarter valued at $6,463,000. Finally, Maxi Investments CY Ltd bought a new position in Kingsoft Cloud in the fourth quarter valued at about $5,980,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.