Cheetah Mobile Inc (NASDAQ:CMCM)’s share price dropped 5.1% on Monday . The company traded as low as $9.43 and last traded at $9.51, with a volume of 2,402,331 shares traded. The stock had previously closed at $10.02.

CMCM has been the topic of a number of recent analyst reports. TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Monday, May 29th. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Nomura increased their price target on shares of Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Instinet reaffirmed a “neutral” rating and set a $12.00 price target (up previously from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.00.

The company has a market cap of $1.35 billion and a P/E ratio of 41.99. The firm has a 50-day moving average price of $10.85 and a 200-day moving average price of $10.88.

Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Cheetah Mobile had a net margin of 5.34% and a return on equity of 8.08%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned ($0.44) EPS. On average, analysts expect that Cheetah Mobile Inc will post $0.40 EPS for the current year.

Several institutional investors have recently modified their holdings of CMCM. UBS Asset Management Americas Inc. boosted its position in shares of Cheetah Mobile by 1.0% in the second quarter. UBS Asset Management Americas Inc. now owns 1,492,000 shares of the software maker’s stock valued at $16,084,000 after buying an additional 14,100 shares in the last quarter. FIL Ltd boosted its position in shares of Cheetah Mobile by 28.6% in the second quarter. FIL Ltd now owns 1,276,723 shares of the software maker’s stock valued at $13,763,000 after buying an additional 283,802 shares in the last quarter. TB Alternative Assets Ltd. boosted its position in shares of Cheetah Mobile by 313.9% in the second quarter. TB Alternative Assets Ltd. now owns 716,810 shares of the software maker’s stock valued at $7,727,000 after buying an additional 543,610 shares in the last quarter. Balyasny Asset Management LLC boosted its position in shares of Cheetah Mobile by 4,935.3% in the second quarter. Balyasny Asset Management LLC now owns 535,000 shares of the software maker’s stock valued at $5,767,000 after buying an additional 524,375 shares in the last quarter. Finally, Coatue Management LLC boosted its position in shares of Cheetah Mobile by 8.5% in the second quarter. Coatue Management LLC now owns 510,803 shares of the software maker’s stock valued at $5,506,000 after buying an additional 40,000 shares in the last quarter.

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About Cheetah Mobile

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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