Kingsoft Cloud (NASDAQ:KC) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Kingsoft Cloud (NASDAQ:KC) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.65.

Kingsoft Cloud Stock Performance

Shares of Kingsoft Cloud stock traded down $0.69 during trading hours on Tuesday, hitting $14.12. 863,878 shares of the company were exchanged, compared to its average volume of 1,361,344. Kingsoft Cloud has a 1 year low of $10.29 and a 1 year high of $22.26. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -27.12 and a beta of 2.03. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $11.71 and a 200-day moving average of $13.27.

Institutional Investors Weigh In On Kingsoft Cloud

Several hedge funds have recently modified their holdings of KC. Artisan Partners Limited Partnership purchased a new position in shares of Kingsoft Cloud during the third quarter valued at $51,504,000. JPMorgan Chase & Co. boosted its stake in shares of Kingsoft Cloud by 2,541.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after acquiring an additional 1,086,372 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Kingsoft Cloud in the second quarter valued at approximately $5,955,000. LMR Partners LLP boosted its holdings in Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock valued at $6,488,000 after acquiring an additional 475,533 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud during the third quarter worth approximately $6,896,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

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.