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

Kingsoft Cloud Holdings Limited (NASDAQ:KC) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.55.

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

Kingsoft Cloud Stock Performance

KC stock opened at $2.83 on Friday. Kingsoft Cloud has a 1 year low of $2.34 and a 1 year high of $7.42. The stock’s 50 day moving average price is $2.97 and its 200 day moving average price is $3.60. The firm has a market cap of $717.94 million, a P/E ratio of -2.19 and a beta of 2.13.

Kingsoft Cloud (NASDAQ:KC) last posted its earnings results on Wednesday, March 20th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Kingsoft Cloud had a negative net margin of 30.81% and a negative return on equity of 27.14%. The company had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $240.44 million. On average, research analysts predict that Kingsoft Cloud will post -0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KC. Vanguard Personalized Indexing Management LLC increased its holdings in Kingsoft Cloud by 50.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,325 shares of the company’s stock valued at $58,000 after purchasing an additional 5,126 shares in the last quarter. Jump Financial LLC acquired a new stake in Kingsoft Cloud in the 4th quarter valued at $136,000. Russell Investments Group Ltd. increased its holdings in Kingsoft Cloud by 35.6% in the 4th quarter. Russell Investments Group Ltd. now owns 60,595 shares of the company’s stock valued at $229,000 after purchasing an additional 15,913 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Kingsoft Cloud during the third quarter valued at about $229,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Kingsoft Cloud during the third quarter valued at about $677,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations 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, storage, and delivery solutions.