Cheetah Mobile Inc (NASDAQ:CMCM) has received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $11.00 for the company, according to Zacks. Zacks has also given Cheetah Mobile an industry rank of 80 out of 265 based on the ratings given to its competitors.
Several equities analysts have issued reports on the company. TheStreet lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th. Zacks Investment Research raised Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $9.00 price objective (up previously from $0.50) on shares of Cheetah Mobile in a report on Monday, August 22nd.
Institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its position in Cheetah Mobile by 65.0% in the second quarter. Nomura Holdings Inc. now owns 22,926 shares of the company’s stock worth $222,000 after buying an additional 9,030 shares in the last quarter. Toronto Dominion Bank bought a new position in Cheetah Mobile during the second quarter worth about $444,000. Jane Street Group LLC raised its position in Cheetah Mobile by 244.2% in the second quarter. Jane Street Group LLC now owns 20,766 shares of the company’s stock worth $197,000 after buying an additional 35,162 shares in the last quarter. KCG Holdings Inc. bought a new position in Cheetah Mobile during the second quarter worth about $752,000. Finally, Hsbc Holdings PLC bought a new position in Cheetah Mobile during the second quarter worth about $1,061,000.
Cheetah Mobile (NASDAQ:CMCM) traded up 4.30% during trading on Wednesday, reaching $13.57. The company had a trading volume of 579,049 shares. Cheetah Mobile has a 1-year low of $8.77 and a 1-year high of $21.37. The stock’s market capitalization is $1.89 billion. The firm has a 50-day moving average of $12.52 and a 200-day moving average of $12.62.
Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings data on Friday, August 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.06. The business earned $157.50 million during the quarter, compared to the consensus estimate of $993.99 million. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Cheetah Mobile will post $0.08 EPS for the current fiscal year.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a provider of online marketing services, Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines.