Cheetah Mobile Inc (NASDAQ:CMCM) has earned an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.38.
A number of research analysts recently commented on CMCM shares. Instinet reissued a “neutral” rating and issued a $12.00 price target (up previously from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. Zacks Investment Research downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Credit Suisse Group initiated coverage on Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 target price on the stock. Finally, Nomura increased their target price on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd.
A number of large investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. lifted its holdings in Cheetah Mobile by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,492,000 shares of the software maker’s stock worth $16,084,000 after buying an additional 14,100 shares during the last quarter. FIL Ltd lifted its holdings in Cheetah Mobile by 28.6% during the 2nd quarter. FIL Ltd now owns 1,276,723 shares of the software maker’s stock worth $13,763,000 after buying an additional 283,802 shares during the last quarter. TB Alternative Assets Ltd. lifted its holdings in Cheetah Mobile by 313.9% during the 2nd quarter. TB Alternative Assets Ltd. now owns 716,810 shares of the software maker’s stock worth $7,727,000 after buying an additional 543,610 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in Cheetah Mobile by 4,935.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 535,000 shares of the software maker’s stock worth $5,767,000 after buying an additional 524,375 shares during the last quarter. Finally, Coatue Management LLC lifted its holdings in Cheetah Mobile by 8.5% during the 2nd quarter. Coatue Management LLC now owns 510,803 shares of the software maker’s stock worth $5,506,000 after buying an additional 40,000 shares during the last quarter.
Cheetah Mobile (NASDAQ:CMCM) traded up 1.43% during midday trading on Tuesday, reaching $8.51. The company had a trading volume of 778,497 shares. The firm has a market capitalization of $1.19 billion and a PE ratio of 35.91. Cheetah Mobile has a 12 month low of $7.99 and a 12 month high of $13.79. The firm’s 50-day moving average price is $9.33 and its 200 day moving average price is $10.56.
Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. Cheetah Mobile’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.44) earnings per share. Equities analysts anticipate that Cheetah Mobile will post $0.42 earnings per share for the current fiscal year.
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About Cheetah Mobile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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