Cheetah Mobile (NYSE:CMCM) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of Cheetah Mobile from a “b-” rating to a “c” rating in a research report on Friday, June 29th. Nomura upgraded shares of Cheetah Mobile from a “neutral” rating to a “buy” rating in a research report on Monday, August 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Cheetah Mobile has a consensus rating of “Hold” and a consensus price target of $13.00.
Cheetah Mobile stock opened at $8.65 on Thursday. Cheetah Mobile has a 52 week low of $7.38 and a 52 week high of $18.18. The stock has a market capitalization of $1.41 billion, a P/E ratio of 6.47 and a beta of 3.35.
A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in Cheetah Mobile in the 1st quarter valued at about $113,000. Northern Trust Corp raised its stake in Cheetah Mobile by 16.8% in the 1st quarter. Northern Trust Corp now owns 60,571 shares of the software maker’s stock valued at $810,000 after purchasing an additional 8,692 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Cheetah Mobile by 17.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 59,302 shares of the software maker’s stock valued at $567,000 after purchasing an additional 8,780 shares during the last quarter. Guggenheim Capital LLC raised its stake in Cheetah Mobile by 7.3% in the 1st quarter. Guggenheim Capital LLC now owns 131,750 shares of the software maker’s stock valued at $1,761,000 after purchasing an additional 8,936 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cheetah Mobile by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 351,527 shares of the software maker’s stock valued at $3,362,000 after purchasing an additional 10,719 shares during the last quarter. 3.86% of the stock is owned by hedge funds and other institutional investors.
Cheetah Mobile Company Profile
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
Recommended Story: Determine Your Level of Risk Tolerance
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Cheetah Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile and related companies with MarketBeat.com's FREE daily email newsletter.