Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.67.

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, October 15th. Zacks Research raised shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Jefferies Financial Group restated a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th. The Goldman Sachs Group set a $18.00 price objective on Kingsoft Cloud in a report on Tuesday, September 1st. Finally, Bank of America reaffirmed a “buy” rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th.

Kingsoft Cloud Stock Performance

NASDAQ KC opened at $8.52 on Friday. The firm has a 50-day moving average of $9.23 and a 200-day moving average of $11.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $2.57 billion, a PE ratio of -30.43 and a beta of 2.15. Kingsoft Cloud has a 52-week low of $7.57 and a 52-week high of $18.52.

Institutional Trading of Kingsoft Cloud

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in Kingsoft Cloud in the 1st quarter valued at $9,456,000. Headlands Technologies LLC bought a new position in Kingsoft Cloud during the 2nd quarter worth $588,000. XY Capital Ltd increased its position in Kingsoft Cloud by 84.2% during the 1st quarter. XY Capital Ltd now owns 274,946 shares of the company’s stock worth $3,673,000 after buying an additional 125,671 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Kingsoft Cloud during the 1st quarter worth $2,405,000. Finally, Matthews International Capital Management LLC acquired a new stake in shares of Kingsoft Cloud during the first quarter worth $2,944,000. 13.40% of the stock is owned by institutional investors and hedge funds.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited is a China-based cloud service provider that offers infrastructure and technology services to businesses, government organizations and other institutions. The company provides public cloud, enterprise cloud and industry-specific cloud solutions designed to support computing, data storage, networking and digital transformation.

Its product and service portfolio includes cloud computing infrastructure, content delivery and networking services, databases, storage, information security and related technical support.