Zacks Investment Research cut shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a buy rating to a hold rating in a research note published on Thursday morning.

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. “

Separately, TheStreet raised Cheetah Mobile from a d+ rating to a c- rating in a report on Monday, May 22nd.

Cheetah Mobile (NASDAQ:CMCM) opened at 10.92 on Thursday. The company’s market cap is $1.52 billion. The stock has a 50 day moving average of $11.30 and a 200 day moving average of $10.54. Cheetah Mobile has a 52 week low of $8.77 and a 52 week high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last released its earnings results on Monday, May 22nd. The software maker reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts predict that Cheetah Mobile will post $0.38 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Cheetah Mobile during the first quarter worth approximately $231,000. Schroder Investment Management Group increased its stake in Cheetah Mobile by 115.6% in the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock worth $716,000 after buying an additional 36,923 shares during the period. UBS Asset Management Americas Inc. increased its stake in Cheetah Mobile by 122.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,477,900 shares of the software maker’s stock worth $15,873,000 after buying an additional 812,300 shares during the period. Van Berkom & Associates Inc. increased its stake in Cheetah Mobile by 24.5% in the first quarter. Van Berkom & Associates Inc. now owns 137,250 shares of the software maker’s stock worth $1,474,000 after buying an additional 27,020 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Cheetah Mobile by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 59,667 shares of the software maker’s stock worth $641,000 after buying an additional 8,328 shares during the last quarter.

Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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