Zacks: Cheetah Mobile Inc (NASDAQ:CMCM) Given Average Rating of “Hold” by Analysts
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) have been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $11.00 for the company, according to Zacks. Zacks has also given Cheetah Mobile an industry rank of 78 out of 265 based on the ratings given to related companies.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $9.00 target price (up from $0.50) on shares of Cheetah Mobile in a research report on Monday, August 22nd. Finally, TheStreet downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th.
Several institutional investors have recently made changes to their positions in CMCM. Coatue Management LLC increased 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 worth $9,093,000 after buying an additional 472,562 shares in the last quarter. JPMorgan Chase & Co. increased 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 in the last quarter. California Public Employees Retirement System increased 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 in the last quarter. BlackRock Fund Advisors increased 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 in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Cheetah Mobile during the second quarter worth approximately $1,061,000.
Cheetah Mobile (NASDAQ:CMCM) opened at 12.50 on Wednesday. Cheetah Mobile has a 52-week low of $8.77 and a 52-week high of $21.37. The company’s market cap is $1.74 billion. The firm’s 50-day moving average is $12.61 and its 200-day moving average is $12.59.
Cheetah Mobile (NASDAQ:CMCM) last released 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 the consensus estimate of $993.99 million. Cheetah Mobile’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 earnings per share. On average, equities research analysts anticipate that Cheetah Mobile will post $0.08 EPS for the current year.
About Cheetah Mobile
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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