Zacks Investment Research upgraded shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning. Zacks Investment Research currently has $12.00 price objective on the software maker’s stock.

According to Zacks, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China. “

A number of other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of Cheetah Mobile from a hold rating to a buy rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Cheetah Mobile from a d+ rating to a c- rating in a research note on Monday, May 22nd. Nomura increased their price objective on shares of Cheetah Mobile from $11.50 to $12.00 and gave the company a neutral rating in a research note on Wednesday, August 23rd. Finally, Instinet reissued a neutral rating and issued a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $12.00.

Shares of Cheetah Mobile (NASDAQ:CMCM) opened at 9.12 on Monday. The stock has a 50 day moving average of $10.71 and a 200 day moving average of $10.87. The firm has a market cap of $1.27 billion and a price-to-earnings ratio of 39.48. Cheetah Mobile has a 12 month low of $8.91 and a 12 month high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.06. Cheetah Mobile had a net margin of 5.34% and a return on equity of 8.08%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company posted ($0.44) EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Cheetah Mobile will post $0.40 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Cheetah Mobile by 520.7% in the first quarter. Morgan Stanley now owns 161,667 shares of the software maker’s stock valued at $1,736,000 after buying an additional 135,619 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cheetah Mobile by 178.4% in the first quarter. Dimensional Fund Advisors LP now owns 309,979 shares of the software maker’s stock valued at $3,327,000 after buying an additional 198,644 shares in the last quarter. FIL Ltd boosted its stake in Cheetah Mobile by 854.2% in the first quarter. FIL Ltd now owns 992,921 shares of the software maker’s stock valued at $10,664,000 after buying an additional 888,861 shares in the last quarter. FMR LLC purchased a new stake in Cheetah Mobile during the first quarter valued at about $232,000. Finally, Alliancebernstein L.P. boosted its stake in Cheetah Mobile by 6.3% in the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock valued at $786,000 after buying an additional 4,360 shares in the last quarter.

Cheetah Mobile Company Profile

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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