Kingsoft Cloud (NASDAQ:KC) Cut to Hold at Zacks Research

Key Points

• Zacks downgraded Kingsoft Cloud from a "strong-buy" to a "hold", while analyst coverage remains mixed—MarketBeat shows a consensus rating of "Moderate Buy" with a $18.30 average target (Goldman Sachs recently set a $15.60 target and Weiss Ratings has a sell rating).
• Shares opened at $14.09 with a market cap of $4.26 billion, a negative P/E of -27.10, a 52-week range of $10.29–$19.57, and 50/200-day simple moving averages of $12.74 and $13.04 respectively.
• Institutional ownership is about 13.40%, and several funds have recently initiated or slightly increased positions in the stock.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts have also weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. The Goldman Sachs Group raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $15.60 target price for the company in a research report on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kingsoft Cloud currently has an average rating of "Moderate Buy" and a consensus target price of $18.30.

Kingsoft Cloud Stock Performance

NASDAQ:KC opened at $14.09 on Monday. The firm has a market capitalization of $4.26 billion, a PE ratio of -27.10 and a beta of 2.04. Kingsoft Cloud has a 1 year low of $10.29 and a 1 year high of $19.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm's fifty day simple moving average is $12.74 and its 200 day simple moving average is $13.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new position in Kingsoft Cloud during the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kingsoft Cloud in the 4th quarter valued at approximately $63,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Kingsoft Cloud by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company's stock worth $95,000 after purchasing an additional 1,170 shares in the last quarter. CWM LLC acquired a new stake in Kingsoft Cloud during the 4th quarter worth approximately $132,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Kingsoft Cloud by 13.2% in the third quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company's stock valued at $135,000 after buying an additional 1,053 shares during the period. 13.40% of the stock is currently owned by institutional investors.

About Kingsoft Cloud

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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