Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Given Average Recommendation of “Moderate Buy” by Brokerages

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.5333.

A number of brokerages have recently issued reports on KC. Jefferies Financial Group raised their price target on shares of Kingsoft Cloud from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. The Goldman Sachs Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Tuesday, April 21st. Finally, Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th.

Hedge Funds Weigh In On Kingsoft Cloud

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership boosted its position in Kingsoft Cloud by 16.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after buying an additional 564,907 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Kingsoft Cloud in the 1st quarter valued at approximately $9,456,000. Penserra Capital Management LLC boosted its position in Kingsoft Cloud by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after buying an additional 155,788 shares during the period. Defiance ETFs LLC purchased a new position in Kingsoft Cloud in the 4th quarter valued at approximately $6,463,000. Finally, Maxi Investments CY Ltd purchased a new position in Kingsoft Cloud in the 4th quarter valued at approximately $5,980,000. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Stock Down 9.5%

Shares of NASDAQ KC opened at $15.33 on Friday. The company has a 50 day simple moving average of $15.03 and a 200-day simple moving average of $13.21. The company has a market capitalization of $4.63 billion, a P/E ratio of -31.29 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. Kingsoft Cloud has a 1 year low of $10.29 and a 1 year high of $18.52.

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.