Shares of Cheetah Mobile Inc (NASDAQ:CMCM) have been given an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Analysts have set a one year consensus target price of $11.00 for the company, according to Zacks. Zacks has also given Cheetah Mobile an industry rank of 69 out of 265 based on the ratings given to its competitors.
Several brokerages have weighed in on CMCM. TheStreet downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th. Zacks Investment Research upgraded Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $9.00 price target (up from $0.50) on shares of Cheetah Mobile in a research report on Monday, August 22nd.
Shares of Cheetah Mobile (NASDAQ:CMCM) opened at 12.50 on Wednesday. The firm’s market capitalization is $1.74 billion. The company has a 50 day moving average of $12.61 and a 200 day moving average of $12.59. Cheetah Mobile has a 52-week low of $8.77 and a 52-week high of $21.37.
Cheetah Mobile (NASDAQ:CMCM) last announced its earnings results on Friday, August 19th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.06. The business earned $157.50 million during the quarter, compared to analysts’ expectations of $993.99 million. Cheetah Mobile’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, analysts anticipate that Cheetah Mobile will post $0.08 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. Coatue Management LLC boosted its position in shares of Cheetah Mobile by 97.5% in the second quarter. Coatue Management LLC now owns 957,163 shares of the company’s stock valued at $9,093,000 after buying an additional 472,562 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Cheetah Mobile by 64,852.9% in the second quarter. JPMorgan Chase & Co. now owns 190,312 shares of the company’s stock worth $1,808,000 after buying an additional 190,019 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Cheetah Mobile by 83.7% in the second quarter. California Public Employees Retirement System now owns 143,400 shares of the company’s stock worth $1,362,000 after buying an additional 65,350 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Cheetah Mobile by 184.8% in the second quarter. BlackRock Fund Advisors now owns 113,030 shares of the company’s stock worth $1,074,000 after buying an additional 73,341 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Cheetah Mobile during the second quarter worth about $1,061,000.
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.
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