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

Kingsoft Cloud Holdings Limited (NASDAQ:KC) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.93.

Several analysts have recently issued reports on the stock. Nomura cut shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research note on Monday. UBS Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and upped their price target for the stock from $4.20 to $12.50 in a research note on Friday, December 6th. Finally, Nomura Securities cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday.

Kingsoft Cloud Trading Up 2.2 %

NASDAQ:KC opened at $17.59 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. Kingsoft Cloud has a 1 year low of $2.02 and a 1 year high of $22.26. The stock has a fifty day moving average price of $14.09 and a two-hundred day moving average price of $7.80. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -14.66 and a beta of 2.23.

Hedge Funds Weigh In On Kingsoft Cloud

Hedge funds and other institutional investors have recently made changes to their positions in the company. XY Capital Ltd bought a new stake in shares of Kingsoft Cloud during the 3rd quarter worth $214,000. GSA Capital Partners LLP boosted 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kingsoft Cloud in the 3rd quarter valued at $326,000. Walleye Capital LLC bought a new stake in Kingsoft Cloud during the 3rd quarter worth approximately $119,000. Finally, State Street Corp raised its holdings in shares of Kingsoft Cloud by 0.5% in the third quarter. State Street Corp now owns 609,790 shares of the company’s stock valued at $1,793,000 after purchasing an additional 3,104 shares during the last quarter. 13.40% of the stock is owned by institutional investors.

Kingsoft Cloud Company Profile

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.