Wall Street Zen Downgrades Kingsoft Cloud (NASDAQ:KC) to Sell

Wall Street Zen downgraded shares of Kingsoft Cloud (NASDAQ:KC) from a hold rating to a sell rating in a research report report published on Saturday morning.

Other analysts also recently issued reports about the stock. Nomura raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $18.30 target price for the company in a research report on Monday, May 5th. Nomura Securities upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Kingsoft Cloud Stock Up 5.4%

Shares of Kingsoft Cloud stock opened at $14.31 on Friday. The stock has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $14.35. Kingsoft Cloud has a 52-week low of $2.02 and a 52-week high of $22.26. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -13.01 and a beta of 2.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73.

Institutional Investors Weigh In On Kingsoft Cloud

Large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. acquired a new stake in shares of Kingsoft Cloud in the fourth quarter valued at about $21,076,000. Voloridge Investment Management LLC acquired a new stake in Kingsoft Cloud in the 4th quarter valued at approximately $16,345,000. JPMorgan Chase & Co. increased its position in Kingsoft Cloud by 2,541.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after buying an additional 1,086,372 shares during the period. Millennium Management LLC lifted its holdings in shares of Kingsoft Cloud by 4,098.3% during the fourth quarter. Millennium Management LLC now owns 895,004 shares of the company’s stock worth $9,389,000 after buying an additional 873,686 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Kingsoft Cloud in the first quarter valued at approximately $10,573,000. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Company Profile

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.