BidaskClub cut shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a buy rating to a hold rating in a report published on Saturday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Cheetah Mobile from a hold rating to a buy rating and set a $12.00 price target for the company in a research report on Tuesday, June 20th. TheStreet upgraded shares of Cheetah Mobile from a d+ rating to a c- rating in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $10.33.

Shares of Cheetah Mobile (NASDAQ CMCM) traded up 2.31% during midday trading on Friday, hitting $10.63. 574,571 shares of the company traded hands. The company has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.80. Cheetah Mobile has a 52 week low of $8.91 and a 52 week high of $13.79. The stock’s market capitalization is $1.47 billion.

Cheetah Mobile (NASDAQ:CMCM) last announced its quarterly earnings results on Monday, May 22nd. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.12. Cheetah Mobile had a net margin of 5.34% and a return on equity of 8.08%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that Cheetah Mobile will post $0.38 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Cheetah Mobile during the fourth quarter valued at approximately $261,000. Dimensional Fund Advisors LP acquired a new position in Cheetah Mobile during the fourth quarter valued at approximately $1,064,000. Guggenheim Capital LLC raised its position in Cheetah Mobile by 152.2% in the fourth quarter. Guggenheim Capital LLC now owns 39,060 shares of the software maker’s stock valued at $374,000 after buying an additional 23,574 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in Cheetah Mobile during the first quarter valued at approximately $1,860,000. Finally, First Trust Advisors LP raised its position in Cheetah Mobile by 37.3% in the first quarter. First Trust Advisors LP now owns 129,582 shares of the software maker’s stock valued at $1,392,000 after buying an additional 35,224 shares during the last quarter.

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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