ValuEngine Downgrades Cheetah Mobile (CMCM) to Hold
Cheetah Mobile (NYSE:CMCM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities analysts have also weighed in on CMCM. 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 given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
NYSE:CMCM opened at $8.65 on Thursday. Cheetah Mobile has a 1-year low of $7.38 and a 1-year high of $18.18. The firm has a market capitalization of $1.41 billion, a P/E ratio of 6.47 and a beta of 3.35.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in shares of Cheetah Mobile during the 3rd quarter worth $192,000. Millennium Management LLC purchased a new stake in shares of Cheetah Mobile during the 2nd quarter worth $2,054,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Cheetah Mobile during the 2nd quarter worth $110,000. Dimensional Fund Advisors LP boosted its position in shares of Cheetah Mobile by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 351,527 shares of the software maker’s stock worth $3,362,000 after purchasing an additional 10,719 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Cheetah Mobile during the 2nd quarter worth $1,097,000. Institutional investors own 3.86% of the company’s stock.
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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