Kingsoft Cloud Holdings Limited (NASDAQ:KC) Receives $4.55 Consensus Price Target from Analysts

Kingsoft Cloud Holdings Limited (NASDAQ:KC) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.55.

A number of analysts recently issued reports on KC shares. Jefferies Financial Group boosted their price objective on Kingsoft Cloud from $3.40 to $3.80 and gave the company a “buy” rating in a research note on Monday, March 25th. Citigroup raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, March 21st. CLSA raised shares of Kingsoft Cloud from an “underperform” rating to an “outperform” rating and set a $4.40 target price on the stock in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. upgraded shares of Kingsoft Cloud from a “neutral” rating to an “overweight” rating in a research note on Monday, March 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KC. Sei Investments Co. grew its holdings in shares of Kingsoft Cloud by 33.6% during the 1st quarter. Sei Investments Co. now owns 139,988 shares of the company’s stock valued at $426,000 after purchasing an additional 35,175 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Kingsoft Cloud by 95.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 640,486 shares of the company’s stock valued at $1,947,000 after buying an additional 312,132 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Kingsoft Cloud by 3.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 625,022 shares of the company’s stock worth $2,363,000 after buying an additional 20,084 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Kingsoft Cloud by 50.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,325 shares of the company’s stock valued at $58,000 after acquiring an additional 5,126 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Kingsoft Cloud during the 4th quarter valued at about $136,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

Kingsoft Cloud Price Performance

Shares of NASDAQ:KC opened at $3.60 on Tuesday. Kingsoft Cloud has a fifty-two week low of $2.34 and a fifty-two week high of $7.42. The company’s 50-day moving average is $3.13 and its 200 day moving average is $3.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $913.28 million, a P/E ratio of -2.79 and a beta of 2.07.

Kingsoft Cloud (NASDAQ:KC) last issued its earnings results on Wednesday, March 20th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $242.60 million during the quarter, compared to the consensus estimate of $240.44 million. Kingsoft Cloud had a negative net margin of 30.81% and a negative return on equity of 27.14%. On average, equities research analysts forecast that Kingsoft Cloud will post -0.45 earnings per share for the current year.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations 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, storage, and delivery solutions.