Cheetah Mobile Inc (CMCM) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a hold rating to a sell rating in a research note published on Friday.

CMCM has been the subject of several other research reports. Nomura boosted their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a neutral rating in a research report on Wednesday, August 23rd. Credit Suisse Group began coverage on Cheetah Mobile in a research report on Tuesday, October 3rd. They issued a neutral rating and a $9.50 price objective for the company. Zacks Investment Research upgraded Cheetah Mobile from a hold rating to a strong-buy rating and set a $12.00 price objective for the company in a research report on Monday, August 28th. Finally, Instinet reiterated a neutral rating and issued a $12.00 price objective (up previously from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $11.38.

Shares of Cheetah Mobile (NASDAQ CMCM) traded up 0.23% on Friday, reaching $8.61. 503,129 shares of the company were exchanged. The stock’s 50-day moving average is $8.99 and its 200 day moving average is $10.47. Cheetah Mobile has a 12-month low of $7.99 and a 12-month high of $13.79. The firm has a market capitalization of $1.20 billion and a PE ratio of 36.33.

Cheetah Mobile (NASDAQ:CMCM) last issued its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned ($0.44) earnings per share. Cheetah Mobile’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts forecast that Cheetah Mobile will post $0.43 EPS for the current year.

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Hedge funds have recently made changes to their positions in the business. Credit Suisse AG bought a new stake in Cheetah Mobile in the first quarter valued at approximately $124,000. Prudential Financial Inc. bought a new stake in Cheetah Mobile in the second quarter valued at approximately $126,000. Bayesian Capital Management LP bought a new stake in Cheetah Mobile in the second quarter valued at approximately $148,000. Cubist Systematic Strategies LLC bought a new stake in Cheetah Mobile in the second quarter valued at approximately $151,000. Finally, Goldman Sachs Group Inc. lifted its position in Cheetah Mobile by 50.4% in the first quarter. Goldman Sachs Group Inc. now owns 16,591 shares of the software maker’s stock valued at $178,000 after purchasing an additional 5,560 shares during the last quarter.

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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