Cheetah Mobile Inc (CMCM) Receives Average Recommendation of “Hold” from Brokerages
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.38.
Several research firms recently weighed in on CMCM. Instinet reissued a “neutral” rating and set a $12.00 price objective (up previously from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. Zacks Investment Research downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Nomura raised their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group began coverage on Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 price objective on the stock.
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Cheetah Mobile (NASDAQ CMCM) opened at 9.06 on Friday. The firm has a market cap of $1.26 billion and a price-to-earnings ratio of 38.23. The firm has a 50-day moving average price of $8.79 and a 200-day moving average price of $10.34. Cheetah Mobile has a 1-year low of $7.60 and a 1-year high of $13.79.
Cheetah Mobile (NASDAQ:CMCM) last issued its 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. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) EPS. On average, analysts expect that Cheetah Mobile will post $0.42 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. lifted its holdings in Cheetah Mobile by 1.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,492,000 shares of the software maker’s stock worth $16,084,000 after buying an additional 14,100 shares during the period. FIL Ltd lifted its holdings in Cheetah Mobile by 28.6% during the 2nd quarter. FIL Ltd now owns 1,276,723 shares of the software maker’s stock worth $13,763,000 after buying an additional 283,802 shares during the period. TB Alternative Assets Ltd. lifted its holdings in Cheetah Mobile by 313.9% during the 2nd quarter. TB Alternative Assets Ltd. now owns 716,810 shares of the software maker’s stock worth $7,727,000 after buying an additional 543,610 shares during the period. Parametrica Management Ltd lifted its holdings in Cheetah Mobile by 1,778.9% during the 3rd quarter. Parametrica Management Ltd now owns 605,001 shares of the software maker’s stock worth $5,088,000 after buying an additional 572,801 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in Cheetah Mobile by 4,935.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 535,000 shares of the software maker’s stock worth $5,767,000 after buying an additional 524,375 shares during the period.
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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