Cheetah Mobile Inc (NASDAQ:CMCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China. “

A number of other research firms have also commented on CMCM. Morgan Stanley reaffirmed an “underweight” rating and issued a $9.00 price objective (up from $0.50) on shares of Cheetah Mobile in a research note on Monday, August 22nd. TheStreet lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.

Cheetah Mobile (NASDAQ:CMCM) opened at 12.76 on Monday. The company’s market cap is $1.78 billion. The stock has a 50 day moving average of $12.30 and a 200-day moving average of $12.82. Cheetah Mobile has a 12 month low of $8.77 and a 12 month high of $21.37.

Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings data on Friday, August 19th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $157.50 million for the quarter, compared to the consensus estimate of $993.99 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. Equities research analysts expect that Cheetah Mobile will post $0.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Cheetah Mobile during the second quarter valued at about $1,061,000. Coatue Management LLC raised 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 in the last quarter. Stevens Capital Management LP bought a new position in shares of Cheetah Mobile during the second quarter valued at about $110,000. Alliancebernstein L.P. bought a new position in shares of Cheetah Mobile during the second quarter valued at about $439,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Cheetah Mobile by 178.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 97,626 shares of the company’s stock valued at $927,000 after buying an additional 62,622 shares in the last quarter.

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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