Kingsoft Cloud (NASDAQ:KC) Stock Rating Upgraded by Wall Street Zen

Kingsoft Cloud (NASDAQ:KC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other equities analysts have also issued reports on KC. Nomura upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $18.30 target price on the stock in a research report on Monday, May 5th. Nomura Securities upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Monday, May 5th. Finally, Zacks Research upgraded Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.40.

Kingsoft Cloud Stock Performance

NASDAQ:KC opened at $14.33 on Friday. The company has a market cap of $4.01 billion, a price-to-earnings ratio of -12.57 and a beta of 2.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. Kingsoft Cloud has a 52-week low of $2.02 and a 52-week high of $22.26. The firm’s 50-day moving average is $13.51 and its 200-day moving average is $14.28.

Institutional Trading of Kingsoft Cloud

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in shares of Kingsoft Cloud during the second quarter valued at about $27,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kingsoft Cloud during the 1st quarter valued at $65,000. Bayforest Capital Ltd purchased a new position in Kingsoft Cloud during the 1st quarter worth $78,000. Farther Finance Advisors LLC purchased a new stake in Kingsoft Cloud in the second quarter valued at about $100,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Kingsoft Cloud in the first quarter worth about $104,000. 13.40% of the stock is currently owned by institutional investors.

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.