Kingsoft Cloud Holdings Limited (NASDAQ:KC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.55.

Several equities analysts have recently commented on the stock. CLSA raised shares of Kingsoft Cloud from an “underperform” rating to an “outperform” rating and set a $4.40 target price on the stock in a report on Thursday, March 21st. JPMorgan Chase & Co. upgraded shares of Kingsoft Cloud from a “neutral” rating to an “overweight” rating in a research report on Monday, March 11th. Jefferies Financial Group boosted their price target on shares of Kingsoft Cloud from $3.40 to $3.80 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Citigroup upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Thursday, March 21st.

Institutional Investors Weigh In On Kingsoft Cloud

Large investors have recently bought and sold shares of the business. Artisan Partners Limited Partnership increased its position in Kingsoft Cloud by 3.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 625,022 shares of the company’s stock valued at $2,363,000 after acquiring an additional 20,084 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Kingsoft Cloud by 50.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,325 shares of the company’s stock valued at $58,000 after acquiring an additional 5,126 shares during the last quarter. Jump Financial LLC bought a new position in Kingsoft Cloud during the fourth quarter valued at $136,000. Russell Investments Group Ltd. increased its position in Kingsoft Cloud by 35.6% during the fourth quarter. Russell Investments Group Ltd. now owns 60,595 shares of the company’s stock valued at $229,000 after acquiring an additional 15,913 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Kingsoft Cloud by 11.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 328,354 shares of the company’s stock valued at $1,241,000 after acquiring an additional 33,411 shares during the last quarter. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Stock Performance

KC stock opened at $2.87 on Friday. Kingsoft Cloud has a one year low of $2.34 and a one year high of $7.42. The company’s fifty day moving average price is $2.97 and its 200-day moving average price is $3.59. The company has a market capitalization of $728.09 million, a PE ratio of -2.22 and a beta of 2.13.

Kingsoft Cloud (NASDAQ:KC) last released its earnings results on Wednesday, March 20th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Kingsoft Cloud had a negative return on equity of 27.14% and a negative net margin of 30.81%. 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 EPS for the current fiscal year.

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.