Kingsoft Cloud Holdings Limited (NASDAQ:KC) Receives $5.93 Consensus PT from Analysts

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.93.

A number of research firms have commented on KC. Nomura Securities lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday. Nomura downgraded shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and raised their target price for the stock from $4.20 to $12.50 in a research note on Friday, December 6th.

Kingsoft Cloud Stock Up 2.2 %

Shares of Kingsoft Cloud stock opened at $17.59 on Friday. The company’s 50 day moving average price is $14.09 and its 200-day moving average price is $7.80. Kingsoft Cloud has a 52-week low of $2.02 and a 52-week high of $22.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -14.66 and a beta of 2.23.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KC. Walleye Capital LLC acquired a new position in Kingsoft Cloud in the third quarter worth about $119,000. Marshall Wace LLP bought a new position in Kingsoft Cloud in the 4th quarter valued at about $119,000. Vise Technologies Inc. bought a new position in shares of Kingsoft Cloud in the fourth quarter valued at approximately $125,000. Cetera Investment Advisers bought a new stake in shares of Kingsoft Cloud in the 4th quarter worth $138,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Kingsoft Cloud by 12.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company’s stock worth $205,000 after purchasing an additional 2,200 shares during the last quarter. 13.40% of the stock is owned by hedge funds and other 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.