Cheetah Mobile Inc (CMCM) Given Average Rating of “Hold” by Brokerages

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.

TRADEMARK VIOLATION WARNING: “Cheetah Mobile Inc (CMCM) Given Average Rating of “Hold” by Brokerages” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/10/09/cheetah-mobile-inc-cmcm-given-average-rating-of-hold-by-brokerages.html.

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.

Receive News & Ratings for Cheetah Mobile Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply