Kingsoft Cloud (NASDAQ:KC) Stock Rating Lowered by Zacks Research

Kingsoft Cloud (NASDAQ:KC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on KC. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target on the stock in a report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

Kingsoft Cloud Price Performance

Shares of KC opened at $14.09 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $4.26 billion, a PE ratio of -27.10 and a beta of 2.04. The firm’s 50 day moving average price is $12.74 and its 200 day moving average price is $13.04. Kingsoft Cloud has a twelve month low of $10.29 and a twelve month high of $19.57.

Hedge Funds Weigh In On Kingsoft Cloud

A number of institutional investors and hedge funds have recently bought and sold shares of KC. First Horizon Advisors Inc. bought a new stake in Kingsoft Cloud in the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Kingsoft Cloud during the 4th quarter worth about $63,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 during the period. CWM LLC acquired a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $132,000. Finally, Farther Finance Advisors LLC lifted its stake 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. Institutional investors own 13.40% of the company’s stock.

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.