Cheetah Mobile Inc (NASDAQ:CMCM) had its price target boosted by Nomura from $11.50 to $12.00 in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has a neutral rating on the software maker’s stock.

CMCM has been the topic of several other reports. BidaskClub raised Cheetah Mobile from a hold rating to a buy rating in a report on Friday, August 18th. Zacks Investment Research lowered Cheetah Mobile from a buy rating to a hold rating in a report on Thursday, June 1st. Finally, TheStreet raised Cheetah Mobile from a d+ rating to a c- rating in a report on Monday, May 22nd. Four research analysts have rated the stock with a hold rating, Cheetah Mobile currently has a consensus rating of Hold and a consensus price target of $12.00.

Cheetah Mobile (CMCM) opened at 10.02 on Wednesday. Cheetah Mobile has a 52-week low of $8.91 and a 52-week high of $13.79. The company’s 50-day moving average is $10.85 and its 200 day moving average is $10.88. The company has a market cap of $1.40 billion and a price-to-earnings ratio of 43.38.

Cheetah Mobile (NASDAQ:CMCM) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. Cheetah Mobile’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. Equities analysts forecast that Cheetah Mobile will post $0.40 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. FIL Ltd raised its stake in Cheetah Mobile by 854.2% in the first quarter. FIL Ltd now owns 992,921 shares of the software maker’s stock valued at $10,664,000 after buying an additional 888,861 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Cheetah Mobile during the first quarter valued at approximately $286,000. KCG Holdings Inc. acquired a new stake in shares of Cheetah Mobile during the first quarter valued at approximately $657,000. Guggenheim Capital LLC raised its stake in shares of Cheetah Mobile by 152.2% in the fourth quarter. Guggenheim Capital LLC now owns 39,060 shares of the software maker’s stock valued at $374,000 after buying an additional 23,574 shares during the last quarter. Finally, World Asset Management Inc acquired a new stake in shares of Cheetah Mobile during the second quarter valued at approximately $261,000.

Cheetah Mobile Company Profile

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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