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

Key Points

• Analysts give Kingsoft Cloud a “Moderate Buy” consensus: Four analysts rate the stock a buy, while one recommends holding and one recommends selling. The average 12-month price target is $16.67, compared with a recent share price of $9.92.
• KC shares remain below their moving averages and have traded between $8.35 and $18.52 over the past year. The company has a $3.0 billion market capitalization and reported a negative P/E ratio of -35.43.
• Insider and institutional activity was mixed: CEO Tao Zou sold 300,000 shares, reducing his position by 15%, while institutional investors own 13.4% of the stock and several funds recently initiated or increased positions.

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.6667.

A number of brokerages have weighed in on KC. Jefferies Financial Group reissued a "buy" rating on shares of Kingsoft Cloud in a report on Wednesday, August 19th. Bank of America reaffirmed a "buy" rating on shares of Kingsoft Cloud in a research report on Wednesday, August 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kingsoft Cloud in a research note on Friday, July 17th. Morgan Stanley began coverage on shares of Kingsoft Cloud in a report on Tuesday, July 7th. They issued an "overweight" rating and a $15.00 target price on the stock. Finally, The Goldman Sachs Group set a $18.00 target price on Kingsoft Cloud in a research note on Tuesday, September 1st.

Kingsoft Cloud Stock Performance

KC stock opened at $9.92 on Friday. The stock's 50 day simple moving average is $10.63 and its 200 day simple moving average is $12.38. Kingsoft Cloud has a 12-month low of $8.35 and a 12-month high of $18.52. The firm has a market cap of $3.00 billion, a P/E ratio of -35.43 and a beta of 1.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.39.

Insider Activity

In related news, CEO Tao Zou sold 300,000 shares of the business's stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $0.64, for a total transaction of $192,000.00. Following the completion of the transaction, the chief executive officer owned 1,700,000 shares in the company, valued at $1,088,000. The trade was a 15.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.20% of the company's stock.

Institutional Investors Weigh In On Kingsoft Cloud

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in shares of Kingsoft Cloud by 11.7% during the first quarter. Cetera Investment Advisers now owns 33,049 shares of the company's stock worth $442,000 after acquiring an additional 3,449 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Kingsoft Cloud during the 4th quarter valued at about $73,000. Blue Trust Inc. grew its position in Kingsoft Cloud by 39.2% in the 1st quarter. Blue Trust Inc. now owns 35,085 shares of the company's stock worth $469,000 after purchasing an additional 9,881 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Kingsoft Cloud in the first quarter valued at approximately $442,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Kingsoft Cloud during the fourth quarter valued at approximately $526,000. 13.40% of the stock is currently owned by institutional investors.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited is a cloud service provider headquartered in China. The company offers public cloud, enterprise cloud and specialized cloud solutions designed to help organizations build, operate and scale digital applications and infrastructure.

Its products and services include cloud computing, cloud storage, content delivery networks, databases, big data and artificial intelligence services, as well as cloud-based security and network solutions. Kingsoft Cloud serves customers across industries such as internet services, financial services, healthcare, manufacturing and public-sector organizations.

Founded in 2012, Kingsoft Cloud has developed a network of data centers and cloud infrastructure serving customers primarily in China, with services also available in selected international markets.

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