Jefferies Financial Group Boosts Kingsoft Cloud (NASDAQ:KC) Price Target to $3.80

Kingsoft Cloud (NASDAQ:KC) had its price objective lifted by Jefferies Financial Group from $3.40 to $3.80 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. CLSA raised shares of Kingsoft Cloud from an underperform rating to an outperform rating and set a $4.40 price objective on the stock in a research report on Thursday, March 21st. Citigroup upgraded Kingsoft Cloud from a neutral rating to a buy rating and set a $5.00 price target for the company in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. upgraded Kingsoft Cloud from a neutral rating to an overweight rating in a research note on Monday, March 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $4.55.

Kingsoft Cloud Stock Performance

Shares of KC stock opened at $3.04 on Monday. The company’s fifty day simple moving average is $2.88 and its 200-day simple moving average is $3.86. The company has a quick ratio of 1.25, a current ratio of 0.89 and a debt-to-equity ratio of 0.01. The firm has a market cap of $771.21 million, a PE ratio of -2.36 and a beta of 2.13. Kingsoft Cloud has a 12 month low of $2.34 and a 12 month high of $10.13.

Institutional Trading of Kingsoft Cloud

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Kingsoft Cloud by 98.6% during the 3rd quarter. Rhumbline Advisers now owns 5,600 shares of the company’s stock worth $28,000 after purchasing an additional 2,780 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kingsoft Cloud by 220.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,941 shares of the company’s stock worth $30,000 after acquiring an additional 3,400 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Kingsoft Cloud by 310.2% in the third quarter. Tower Research Capital LLC TRC now owns 22,112 shares of the company’s stock worth $44,000 after purchasing an additional 16,721 shares during the last quarter. Royal Bank of Canada lifted its stake in Kingsoft Cloud by 101.6% in the second quarter. Royal Bank of Canada now owns 7,938 shares of the company’s stock worth $48,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in Kingsoft Cloud in the third quarter worth $53,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

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.