Cheetah Mobile Inc (NASDAQ:CMCM)’s share price was up 3.1% during trading on Wednesday . The company traded as high as $13.50 and last traded at $13.15, with a volume of 1,235,452 shares traded. The stock had previously closed at $12.76.

A number of equities analysts have commented on CMCM shares. Morgan Stanley restated an “underweight” rating and issued a $9.00 target price (up from $0.50) on shares of Cheetah Mobile in a research note on Monday, August 22nd. Zacks Investment Research upgraded shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, TheStreet downgraded shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.

The firm’s market capitalization is $1.84 billion. The firm has a 50 day moving average of $12.30 and a 200 day moving average of $12.82.

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

Several institutional investors have recently bought and sold shares of CMCM. Stevens Capital Management LP acquired a new position in Cheetah Mobile during the second quarter valued at $110,000. GSA Capital Partners LLP acquired a new position in Cheetah Mobile during the second quarter valued at $197,000. Jane Street Group LLC increased its position in Cheetah Mobile by 244.2% in the second quarter. Jane Street Group LLC now owns 20,766 shares of the company’s stock valued at $197,000 after buying an additional 35,162 shares in the last quarter. Nomura Holdings Inc. increased its position in Cheetah Mobile by 65.0% in the second quarter. Nomura Holdings Inc. now owns 22,926 shares of the company’s stock valued at $222,000 after buying an additional 9,030 shares in the last quarter. Finally, BlackRock Group LTD increased its position in Cheetah Mobile by 465.7% in the second quarter. BlackRock Group LTD now owns 35,946 shares of the company’s stock valued at $341,000 after buying an additional 29,592 shares in the last quarter.

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.

5 Day Chart for NASDAQ:CMCM

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