Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.15.
KC has been the topic of several recent analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Kingsoft Cloud in a report on Wednesday, August 19th. Morgan Stanley assumed coverage on shares of Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an "overweight" rating and a $15.00 target price for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Kingsoft Cloud in a research report on Friday, July 17th. Finally, Bank of America restated a "buy" rating on shares of Kingsoft Cloud in a research note on Wednesday, August 19th.
Get Our Latest Research Report on KC
Kingsoft Cloud Stock Down 6.5%
Shares of KC stock opened at $10.42 on Tuesday. Kingsoft Cloud has a 1-year low of $8.35 and a 1-year high of $18.52. The stock's fifty day moving average price is $10.42 and its 200 day moving average price is $12.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -37.21 and a beta of 1.99.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $392.15 million for the quarter. Kingsoft Cloud had a negative net margin of 5.49% and a negative return on equity of 7.85%. On average, research analysts expect that Kingsoft Cloud will post -0.41 earnings per share for the current fiscal year.
Insider Activity at Kingsoft Cloud
In other news, CEO Tao Zou sold 300,000 shares of the business's stock in a transaction on Friday, July 17th. The shares were sold at an average price of $0.64, for a total transaction of $192,000.00. Following the sale, the chief executive officer directly owned 1,700,000 shares of the company's stock, valued at $1,088,000. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.20% of the company's stock.
Institutional Trading of Kingsoft Cloud
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KC. Headlands Technologies LLC purchased a new stake in Kingsoft Cloud during the 2nd quarter valued at about $588,000. Bank of America Corp DE raised its stake in shares of Kingsoft Cloud by 93.4% in the first 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Kingsoft Cloud in the first quarter worth about $9,456,000. Cetera Investment Advisers lifted its holdings 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 purchasing an additional 3,449 shares during the period. Finally, XY Capital Ltd lifted its holdings 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 worth $3,673,000 after purchasing an additional 125,671 shares during the period. Institutional investors and hedge funds own 13.40% of the company's stock.
Kingsoft Cloud Company Profile
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Get Free Report)
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.
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