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

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.2667.

Several brokerages have weighed in on KC. Wall Street Zen upgraded shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Wednesday, October 8th. Zacks Research raised shares of Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kingsoft Cloud in a report on Tuesday, September 16th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Bank of America raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a report on Tuesday, September 9th.

Kingsoft Cloud Trading Down 0.6%

Shares of KC opened at $13.31 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $14.62 and its two-hundred day moving average is $13.70. Kingsoft Cloud has a twelve month low of $2.70 and a twelve month high of $22.26. The firm has a market capitalization of $4.02 billion, a P/E ratio of -11.68 and a beta of 2.14.

Institutional Trading of Kingsoft Cloud

Several institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Kingsoft Cloud by 50.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,217,394 shares of the company’s stock valued at $17,482,000 after purchasing an additional 410,492 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $14,137,000 after purchasing an additional 1,086,372 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Kingsoft Cloud during the first quarter valued at approximately $10,573,000. LMR Partners LLP lifted its stake in shares of Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after buying an additional 475,533 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Kingsoft Cloud during the second quarter valued at approximately $5,955,000. Hedge funds and other institutional investors own 13.40% of the company’s stock.

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.