Kingsoft Cloud (NASDAQ:KC) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Kingsoft Cloud from a "hold" to a "sell" rating, reflecting a significant shift in perception about the company's stock.
• Conversely, Nomura upgraded Kingsoft Cloud from a "neutral" rating to a "buy" rating with a price target of $18.30, showcasing mixed sentiment among analysts regarding the company's potential.
• Kingsoft Cloud's current consensus rating is a "Moderate Buy," with a price target of $11.33, amid recent trading activity that saw shares opened at $13.58.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other research firms have also issued reports on KC. Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $11.33.

Kingsoft Cloud Trading Up 1.3%

KC stock traded up $0.18 during midday trading on Friday, hitting $13.80. The stock had a trading volume of 3,058,091 shares, compared to its average volume of 1,643,941. The firm has a market cap of $3.86 billion, a P/E ratio of -12.55 and a beta of 2.10. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.37. Kingsoft Cloud has a 1-year low of $2.02 and a 1-year high of $22.26. The business has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $14.34.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds and other institutional investors have recently bought and sold shares of KC. First Horizon Advisors Inc. bought a new stake in Kingsoft Cloud in the second quarter valued at $27,000. Compagnie Lombard Odier SCmA bought a new stake in Kingsoft Cloud in the first quarter valued at $65,000. Bayforest Capital Ltd bought a new stake in Kingsoft Cloud in the first quarter valued at $78,000. Farther Finance Advisors LLC bought a new stake in Kingsoft Cloud in the second quarter valued at $100,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Kingsoft Cloud during the first quarter worth about $104,000. 13.40% of the stock is owned by institutional investors.

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.