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

Kingsoft Cloud Holdings Limited (NASDAQ:KC) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.62.

Several research analysts have recently commented on the company. Nomura upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.30 to $6.70 in a research report on Friday, November 22nd. Nomura Securities upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Bank of America reduced their price target on Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating for the company in a research report on Wednesday, August 21st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Swedbank AB purchased a new position in Kingsoft Cloud in the first quarter valued at about $649,000. Blue Trust Inc. boosted its stake in shares of Kingsoft Cloud by 30.9% during the 3rd quarter. Blue Trust Inc. now owns 18,888 shares of the company’s stock worth $56,000 after acquiring an additional 4,458 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kingsoft Cloud during the 3rd quarter worth about $47,000. Headlands Technologies LLC lifted its position in shares of Kingsoft Cloud by 313.9% during the 2nd quarter. Headlands Technologies LLC now owns 32,875 shares of the company’s stock worth $83,000 after purchasing an additional 24,932 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Kingsoft Cloud by 90.2% during the 3rd quarter. GSA Capital Partners LLP now owns 172,415 shares of the company’s stock worth $507,000 after purchasing an additional 81,751 shares during the last quarter. 13.40% of the stock is owned by institutional investors and hedge funds.

Kingsoft Cloud Price Performance

Shares of KC opened at $5.97 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -4.98 and a beta of 2.00. The stock has a 50 day moving average of $3.58 and a 200-day moving average of $2.97. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. Kingsoft Cloud has a 52 week low of $2.02 and a 52 week high of $7.24.

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.