Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Stock Has Consensus Price Target of $16.67 According to Analysts

Key Points

• Analysts rate Kingsoft Cloud a “Moderate Buy” overall: Four of six analysts recommend buying, one recommends a strong buy, and one rates it a sell. The average 12-month price target is $16.67.
• Institutional investors own 13.4% of the company’s shares, with several firms recently increasing their positions and others initiating new stakes.
• KC opened at $8.52 after a reported 4.3% rise; its 12-month trading range is $7.57–$18.52, and its market capitalization is about $2.57 billion.

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.67.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position 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 buying an additional 3,449 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Kingsoft Cloud by 25.3% during the 3rd quarter. Vise Technologies Inc. now owns 21,627 shares of the company's stock worth $197,000 after acquiring an additional 4,371 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of Kingsoft Cloud during the 1st quarter worth approximately $442,000. Inspire Investing LLC increased its holdings in shares of Kingsoft Cloud by 18.2% during the 3rd quarter. Inspire Investing LLC now owns 265,203 shares of the company's stock worth $2,419,000 after acquiring an additional 40,803 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Kingsoft Cloud in the 2nd quarter valued at $588,000. Institutional investors own 13.40% of the company's stock.

Kingsoft Cloud Trading Up 4.3%

Shares of KC stock opened at $8.52 on Friday. Kingsoft Cloud has a 12 month low of $7.57 and a 12 month high of $18.52. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $9.23 and its two-hundred day moving average is $11.92. The company has a market cap of $2.57 billion, a PE ratio of -30.43 and a beta of 2.15.

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.

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