Cheetah Mobile Inc (CMCM) Stock Rating Lowered by BidaskClub
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.
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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