Cheetah Mobile Inc (NASDAQ:CMCM) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

CMCM has been the subject of several other reports. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Monday, August 28th. Credit Suisse Group initiated coverage on Cheetah Mobile in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 target price for the company. Nomura increased their target price on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Instinet reiterated a “neutral” rating and issued a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.38.

Shares of Cheetah Mobile (CMCM) opened at 8.61 on Friday. The firm’s 50-day moving average price is $8.96 and its 200 day moving average price is $10.46. Cheetah Mobile has a one year low of $7.99 and a one year high of $13.79. The company has a market capitalization of $1.20 billion and a PE ratio of 36.33.

Cheetah Mobile (NASDAQ:CMCM) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate 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%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned ($0.44) earnings per share. Analysts anticipate that Cheetah Mobile will post $0.43 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its position in shares of Cheetah Mobile by 6.3% during the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock worth $786,000 after acquiring an additional 4,360 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Cheetah Mobile by 50.4% during the first quarter. Goldman Sachs Group Inc. now owns 16,591 shares of the software maker’s stock worth $178,000 after acquiring an additional 5,560 shares during the last quarter. State Street Corp raised its position in shares of Cheetah Mobile by 5.8% during the second quarter. State Street Corp now owns 105,409 shares of the software maker’s stock worth $1,136,000 after acquiring an additional 5,775 shares during the last quarter. Credit Suisse AG bought a new position in shares of Cheetah Mobile during the first quarter worth about $124,000. Finally, Prudential Financial Inc. bought a new position in shares of Cheetah Mobile during the second quarter worth about $126,000.

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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