Shares of Cheetah Mobile Inc (NYSE:CMCM) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $12.25.
A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Credit Suisse Group set a $13.00 price target on shares of Cheetah Mobile and gave the stock a “hold” rating in a report on Monday, March 19th. Finally, Macquarie cut shares of Cheetah Mobile from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 13th.
Shares of NYSE:CMCM traded up $0.16 during mid-day trading on Wednesday, reaching $13.01. The company had a trading volume of 1,025,998 shares, compared to its average volume of 1,347,407. The stock has a market capitalization of $1.77 billion, a PE ratio of 8.68 and a beta of 3.46. Cheetah Mobile has a one year low of $7.54 and a one year high of $18.18.
Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings results on Monday, May 21st. The software maker reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Cheetah Mobile had a return on equity of 37.29% and a net margin of 27.66%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS.
Hedge funds have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in Cheetah Mobile during the 4th quarter valued at $108,000. Sensato Investors LLC increased its holdings in shares of Cheetah Mobile by 119.7% in the fourth quarter. Sensato Investors LLC now owns 81,784 shares of the software maker’s stock worth $988,000 after purchasing an additional 44,561 shares during the period. Smith Asset Management Group LP bought a new position in shares of Cheetah Mobile in the fourth quarter worth $220,000. Guggenheim Capital LLC increased its holdings in shares of Cheetah Mobile by 16.5% in the fourth quarter. Guggenheim Capital LLC now owns 122,814 shares of the software maker’s stock worth $1,483,000 after purchasing an additional 17,406 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Cheetah Mobile by 46.1% in the fourth quarter. BlackRock Inc. now owns 712,575 shares of the software maker’s stock worth $8,608,000 after purchasing an additional 224,853 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.
Cheetah Mobile Company Profile
Cheetah Mobile Inc operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels. The company's suite of utility applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats.
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