Cheetah Mobile (NYSE:CMCM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.
Separately, Nomura raised Cheetah Mobile from a “neutral” rating to a “buy” rating in a report on Monday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Cheetah Mobile currently has a consensus rating of “Hold” and an average target price of $13.00.
NYSE CMCM opened at $9.06 on Thursday. Cheetah Mobile has a 12 month low of $7.38 and a 12 month high of $18.18. The firm has a market capitalization of $1.32 billion, a PE ratio of 6.05 and a beta of 2.97.
Several large investors have recently made changes to their positions in CMCM. Cubist Systematic Strategies LLC bought a new position in shares of Cheetah Mobile during the second quarter valued at $110,000. TB Alternative Assets Ltd. bought a new position in shares of Cheetah Mobile during the second quarter valued at $149,000. Stevens Capital Management LP bought a new position in shares of Cheetah Mobile during the second quarter valued at $149,000. Fox Run Management L.L.C. bought a new position in shares of Cheetah Mobile during the third quarter valued at $192,000. Finally, AlphaMark Advisors LLC bought a new position in shares of Cheetah Mobile during the third quarter valued at $243,000. 3.86% of the stock is currently owned by hedge funds and other institutional investors.
About Cheetah Mobile
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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