Cheetah Mobile Inc (NASDAQ:CMCM) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

CMCM has been the topic of a number of other reports. Credit Suisse Group assumed coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 price objective on the stock. Instinet reaffirmed a “neutral” rating and set a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Nomura raised their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research cut Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. Cheetah Mobile has a consensus rating of “Hold” and a consensus price target of $11.38.

Cheetah Mobile (NASDAQ:CMCM) last released its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business posted ($0.44) earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Cheetah Mobile by 178.4% in the first quarter. Dimensional Fund Advisors LP now owns 309,979 shares of the software maker’s stock worth $3,327,000 after purchasing an additional 198,644 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Cheetah Mobile in the first quarter worth about $657,000. World Asset Management Inc bought a new stake in shares of Cheetah Mobile in the second quarter worth about $261,000. Schroder Investment Management Group grew its stake in shares of 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 purchasing an additional 36,923 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Cheetah Mobile by 15.4% in the second quarter. First Trust Advisors LP now owns 149,508 shares of the software maker’s stock worth $1,612,000 after purchasing an additional 19,926 shares during the last quarter.

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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