Morgan Stanley Begins Coverage on Kingsoft Cloud (NASDAQ:KC)

Research analysts at Morgan Stanley started coverage on shares of Kingsoft Cloud (NASDAQ:KC) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $15.00 price target on the stock. Morgan Stanley’s target price suggests a potential upside of 64.29% from the company’s current price.

A number of other research firms have also recently commented on KC. Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Finally, 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. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.65.

Kingsoft Cloud Trading Up 0.3%

Shares of NASDAQ:KC opened at $9.13 on Tuesday. The business’s 50-day moving average is $12.66 and its 200 day moving average is $13.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.03 and a quick ratio of 1.03. Kingsoft Cloud has a 1 year low of $8.35 and a 1 year high of $18.52. The firm has a market capitalization of $2.76 billion, a P/E ratio of -19.43 and a beta of 1.99.

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter. Kingsoft Cloud had a negative return on equity of 11.67% and a negative net margin of 9.38%.The business had revenue of $392.15 million for the quarter. On average, research analysts predict that Kingsoft Cloud will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of Kingsoft Cloud

Several large investors have recently made changes to their positions in KC. Artisan Partners Limited Partnership raised its holdings in shares of Kingsoft Cloud by 16.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after purchasing an additional 564,907 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Kingsoft Cloud in the 1st quarter valued at about $9,456,000. Defiance ETFs LLC purchased a new position in Kingsoft Cloud during the fourth quarter worth about $6,463,000. Maxi Investments CY Ltd purchased a new stake in Kingsoft Cloud in the fourth quarter valued at approximately $5,980,000. Finally, LMR Partners LLP raised its stake in shares of Kingsoft Cloud by 1,114.5% in 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 in the last quarter. 13.40% of the stock is owned by hedge funds and other institutional investors.

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.