Cheetah Mobile Inc (NYSE:CMCM) shares gapped down before the market opened on Tuesday . The stock had previously closed at $6.62, but opened at $6.37. Cheetah Mobile shares last traded at $6.20, with a volume of 3712840 shares trading hands.
CMCM has been the subject of a number of research reports. ValuEngine raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Nomura raised shares of Cheetah Mobile from a “neutral” rating to a “buy” rating in a research 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 company. Cheetah Mobile currently has a consensus rating of “Hold” and a consensus price target of $13.00.
The stock has a market cap of $912.07 million, a price-to-earnings ratio of 4.14 and a beta of 2.88.
Cheetah Mobile (NYSE:CMCM) last released its earnings results on Wednesday, November 21st. The software maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Cheetah Mobile had a net margin of 29.78% and a return on equity of 31.36%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Cheetah Mobile by 131.8% in the third quarter. Morgan Stanley now owns 573,398 shares of the software maker’s stock worth $5,637,000 after acquiring an additional 326,033 shares during the period. Krane Funds Advisors LLC grew its stake in shares of Cheetah Mobile by 22.7% in the third quarter. Krane Funds Advisors LLC now owns 172,945 shares of the software maker’s stock worth $1,700,000 after acquiring an additional 32,031 shares during the period. Man Group plc bought a new stake in shares of Cheetah Mobile in the third quarter worth approximately $672,000. Sensato Investors LLC bought a new stake in shares of Cheetah Mobile in the third quarter worth approximately $152,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cheetah Mobile in the third quarter worth approximately $148,000. Institutional investors own 5.36% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/12/05/cheetah-mobile-cmcm-shares-gap-down-to-6-37.html.
About Cheetah Mobile (NYSE:CMCM)
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.
Featured Article: What is Depreciation?
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.