Cheetah Mobile Inc (CMCM) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Cheetah Mobile from a buy rating to a hold rating in a report on Tuesday, July 25th. Instinet restated a neutral rating and set a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Nomura boosted their target price on shares of Cheetah Mobile from $11.50 to $12.00 and gave the company a neutral rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group started coverage on shares of Cheetah Mobile in a research report on Tuesday, October 3rd. They set a neutral rating and a $9.50 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $11.38.

Cheetah Mobile (NASDAQ:CMCM) opened at 8.46 on Friday. Cheetah Mobile has a 52-week low of $7.99 and a 52-week high of $13.79. The company has a market capitalization of $1.18 billion and a P/E ratio of 35.70. The stock’s 50 day moving average is $8.96 and its 200-day moving average is $10.46.

Cheetah Mobile (NASDAQ:CMCM) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned ($0.44) earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts predict that Cheetah Mobile will post $0.43 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Cheetah Mobile by 178.4% during 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 during the period. KCG Holdings Inc. bought a new stake in Cheetah Mobile during the first quarter valued at approximately $657,000. World Asset Management Inc bought a new stake in Cheetah Mobile during the second quarter valued at approximately $261,000. Schroder Investment Management Group grew its position in Cheetah Mobile by 115.6% during the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock valued at $716,000 after buying an additional 36,923 shares during the p

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Cheetah Mobile from a buy rating to a hold rating in a report on Tuesday, July 25th. Instinet restated a neutral rating and set a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Nomura boosted their target price on shares of Cheetah Mobile from $11.50 to $12.00 and gave the company a neutral rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group started coverage on shares of Cheetah Mobile in a research report on Tuesday, October 3rd. They set a neutral rating and a $9.50 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $11.38.

Cheetah Mobile (NASDAQ:CMCM) opened at 8.46 on Friday. Cheetah Mobile has a 52-week low of $7.99 and a 52-week high of $13.79. The company has a market capitalization of $1.18 billion and a P/E ratio of 35.70. The stock’s 50 day moving average is $8.96 and its 200-day moving average is $10.46.

Cheetah Mobile (NASDAQ:CMCM) last released its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Cheetah Mobile had a net margin of 6.11% and a return on equity of 8.91%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned ($0.44) earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts predict that Cheetah Mobile will post $0.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/17/cheetah-mobile-inc-cmcm-stock-rating-lowered-by-bidaskclub.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Cheetah Mobile by 178.4% during 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 during the period. KCG Holdings Inc. bought a new stake in Cheetah Mobile during the first quarter valued at approximately $657,000. World Asset Management Inc bought a new stake in Cheetah Mobile during the second quarter valued at approximately $261,000. Schroder Investment Management Group grew its position in Cheetah Mobile by 115.6% during the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock valued at $716,000 after buying an additional 36,923 shares during the period. Finally, First Trust Advisors LP grew its position in Cheetah Mobile by 15.4% during the second quarter. First Trust Advisors LP now owns 149,508 shares of the software maker’s stock valued at $1,612,000 after buying an additional 19,926 shares during the period.

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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