Brokerages Set Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Target Price at $18.53

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.65.

Several brokerages have issued reports on KC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Jefferies Financial Group upped their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Finally, Morgan Stanley began coverage on Kingsoft Cloud in a report on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 target price on the stock.

Hedge Funds Weigh In On Kingsoft Cloud

A number of hedge funds have recently added to or reduced their stakes in KC. Bank of America Corp DE increased its holdings in Kingsoft Cloud by 93.4% during the 1st quarter. Bank of America Corp DE now owns 165,504 shares of the company’s stock worth $2,211,000 after purchasing an additional 79,910 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Kingsoft Cloud in the first quarter valued at approximately $9,456,000. Cetera Investment Advisers lifted its holdings in shares of Kingsoft Cloud by 11.7% in the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company’s stock valued at $442,000 after purchasing an additional 3,449 shares in the last quarter. XY Capital Ltd boosted its position in shares of Kingsoft Cloud by 84.2% during the first quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock valued at $3,673,000 after buying an additional 125,671 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Kingsoft Cloud during the first quarter valued at approximately $2,405,000. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Price Performance

Kingsoft Cloud stock opened at $10.91 on Monday. The company has a market capitalization of $3.30 billion, a PE ratio of -23.21 and a beta of 1.99. Kingsoft Cloud has a 12-month low of $8.35 and a 12-month high of $18.52. The firm’s fifty day moving average is $12.22 and its 200 day moving average is $13.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37.

Kingsoft Cloud (NASDAQ:KC) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.17) EPS for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The company had revenue of $392.15 million during the quarter. As a group, sell-side analysts predict that Kingsoft Cloud will post -0.45 EPS for the current fiscal year.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.