Cheetah Mobile Inc (NASDAQ:CMCM) dropped 0.8% on Tuesday . The stock traded as low as $8.50 and last traded at $8.58. Approximately 676,319 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 835,878 shares. The stock had previously closed at $8.51.

CMCM has been the topic of several analyst reports. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Monday, May 29th. BidaskClub upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Nomura upped their price objective on 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 reiterated 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 investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.00.

Cheetah Mobile (NASDAQ:CMCM) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.44) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd grew its stake in shares of Cheetah Mobile by 854.2% during the first quarter. FIL Ltd now owns 992,921 shares of the software maker’s stock worth $10,664,000 after buying an additional 888,861 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cheetah Mobile by 178.4% during the first quarter. Dimensional Fund Advisors LP now owns 309,979 shares of the software maker’s stock worth $3,327,000 after buying an additional 198,644 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Cheetah Mobile during the first quarter worth $657,000. World Asset Management Inc bought a new stake in shares of Cheetah Mobile during the second quarter worth $261,000. Finally, Schroder Investment Management Group grew its stake in shares of Cheetah Mobile by 115.6% during the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock worth $716,000 after buying an additional 36,923 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “Cheetah Mobile Inc (CMCM) Shares Down 0.8%” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/26/cheetah-mobile-inc-cmcm-shares-down-0-8.html.

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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.