Cheetah Mobile Inc (CMCM) Receives Consensus Rating of “Hold” from Brokerages
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.00.
Several brokerages recently weighed in on CMCM. Credit Suisse Group assumed coverage on shares of Cheetah Mobile in a report on Tuesday. They issued a “neutral” rating for the company. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, June 20th. Instinet reissued a “neutral” rating and set a $12.00 price target (up from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. BidaskClub downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Nomura boosted their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 23rd.
Several institutional investors have recently added to or reduced their stakes in the company. FIL Ltd lifted its holdings in shares of Cheetah Mobile by 854.2% in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 198,644 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Cheetah Mobile during the first quarter worth $657,000. World Asset Management Inc bought a new position in shares of Cheetah Mobile during the second quarter worth $261,000. Finally, Schroder Investment Management Group boosted its position 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 acquiring an additional 36,923 shares during the last quarter.
Shares of Cheetah Mobile (NASDAQ:CMCM) opened at 8.30 on Tuesday. The stock has a market cap of $1.16 billion and a P/E ratio of 35.02. The company has a 50 day moving average price of $9.65 and a 200-day moving average price of $10.66. Cheetah Mobile has a 12 month low of $8.25 and a 12 month high of $13.79.
Cheetah Mobile (NASDAQ:CMCM) last announced its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.44) EPS. On average, equities research analysts predict that Cheetah Mobile will post $0.42 earnings per share for the current year.
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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