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

Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) has earned an average rating of "Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.93.

Several brokerages recently weighed in on KC. Nomura Securities raised Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Bank of America lowered their price objective on shares of Kingsoft Cloud from $3.80 to $3.20 and set a "neutral" rating on the stock in a research note on Wednesday, August 21st. 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 report on Friday, December 6th. Finally, Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2.30 to $6.70 in a research report on Friday, November 22nd.

Kingsoft Cloud Stock Performance

NASDAQ:KC traded down $0.45 during midday trading on Tuesday, reaching $8.49. 4,073,561 shares of the company traded hands, compared to its average volume of 1,759,379. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $9.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of -7.08 and a beta of 2.49. The company has a fifty day moving average price of $5.19 and a 200 day moving average price of $3.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KC. Swedbank AB grew its holdings in Kingsoft Cloud by 5.5% during the 2nd quarter. Swedbank AB now owns 225,140 shares of the company's stock worth $565,000 after acquiring an additional 11,800 shares during the period. Blue Trust Inc. bought a new stake in Kingsoft Cloud in the second quarter valued at about $36,000. Headlands Technologies LLC lifted its stake in Kingsoft Cloud by 313.9% in the second quarter. Headlands Technologies LLC now owns 32,875 shares of the company's stock valued at $83,000 after buying an additional 24,932 shares during the period. Renaissance Technologies LLC boosted its holdings in Kingsoft Cloud by 4.0% during the second quarter. Renaissance Technologies LLC now owns 460,400 shares of the company's stock worth $1,156,000 after buying an additional 17,700 shares during the last quarter. Finally, Profund Advisors LLC acquired a new position in shares of Kingsoft Cloud during the 2nd quarter worth about $27,000. Institutional investors 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.