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

Key Points

• Analysts have assigned a consensus rating of "Moderate Buy" to Kingsoft Cloud Holdings Limited, with an average price target of $17.27 over the next twelve months.
• Recent trading reports show Kingsoft Cloud stock opened at $15.26, with a 52-week low of $2.57 and a high of $22.26.
• Notable institutional investments include a 2,541.3% increase in holdings by JPMorgan Chase & Co., making it one of the largest stakeholders in the company.

Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.2667.

KC has been the subject of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kingsoft Cloud in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kingsoft Cloud in a report on Tuesday, September 16th. They set a "buy" rating and a $21.00 price objective on the stock. Zacks Research raised shares of Kingsoft Cloud from a "strong sell" rating to a "hold" rating in a report on Thursday, August 21st. Bank of America raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating in a report on Tuesday, September 9th. Finally, Wall Street Zen raised shares of Kingsoft Cloud from a "sell" rating to a "hold" rating in a report on Sunday, August 24th.

Kingsoft Cloud Stock Down 2.2%

Shares of Kingsoft Cloud stock opened at $15.26 on Friday. Kingsoft Cloud has a 52-week low of $2.57 and a 52-week high of $22.26. The company has a 50 day moving average of $14.82 and a 200 day moving average of $13.82. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4.27 billion, a P/E ratio of -13.39 and a beta of 2.14.

Institutional Trading of Kingsoft Cloud

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Kingsoft Cloud by 2,541.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company's stock valued at $14,137,000 after acquiring an additional 1,086,372 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Kingsoft Cloud in the 1st quarter valued at $10,573,000. Penserra Capital Management LLC acquired a new position in shares of Kingsoft Cloud in the 2nd quarter valued at $5,955,000. LMR Partners LLP increased its holdings in shares of Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company's stock valued at $6,488,000 after acquiring an additional 475,533 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Kingsoft Cloud by 50.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,217,394 shares of the company's stock valued at $17,482,000 after buying an additional 410,492 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.

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