Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Kingsoft Cloud Holdings Limited (NASDAQ:KC) has received an average consensus rating of "Buy" from analysts, with a target price of $15.40.
• Significant institutional investments have been made, with hedge funds like D. E. Shaw & Co. and JPMorgan Chase increasing their holdings considerably during recent quarters.
• The company's stock is currently priced at $14.12, having a market cap of $3.95 billion, with a year range between $2.08 and $22.26.

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) have earned a consensus recommendation of "Buy" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.40.

Several equities research analysts have commented on KC shares. Zacks Research raised shares of Kingsoft Cloud from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Kingsoft Cloud from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Finally, Bank of America raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 9th.

Kingsoft Cloud Stock Down 2.9%

NASDAQ:KC traded down $0.49 on Tuesday, hitting $16.28. 1,845,027 shares of the company's stock were exchanged, compared to its average volume of 2,193,804. The firm has a 50-day moving average price of $14.23 and a 200-day moving average price of $13.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. Kingsoft Cloud has a 52 week low of $2.16 and a 52 week high of $22.26. The company has a market cap of $4.55 billion, a P/E ratio of -14.28 and a beta of 2.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KC. BNP Paribas Financial Markets acquired a new position in Kingsoft Cloud in the 4th quarter valued at about $2,159,000. Cetera Investment Advisers bought a new stake in Kingsoft Cloud in the 4th quarter valued at about $138,000. D. E. Shaw & Co. Inc. bought a new stake in Kingsoft Cloud in the 4th quarter valued at about $21,076,000. Deutsche Bank AG boosted its holdings in Kingsoft Cloud by 65.3% in the 4th quarter. Deutsche Bank AG now owns 221,384 shares of the company's stock valued at $2,322,000 after purchasing an additional 87,440 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kingsoft Cloud by 10.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 331,196 shares of the company's stock valued at $3,474,000 after purchasing an additional 30,350 shares during the period. Institutional investors and hedge funds own 13.40% of the company's stock.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily 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, network, database, big data, security, storage, and delivery solutions.