Cheetah Mobile Inc (NYSE:CMCM) has been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.75.
A number of brokerages recently weighed in on CMCM. TheStreet upgraded Cheetah Mobile from a “c+” rating to a “b-” rating in a research report on Thursday, January 18th. Credit Suisse Group set a $11.00 price objective on Cheetah Mobile and gave the stock a “hold” rating in a research report on Friday, November 24th.
Hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in Cheetah Mobile during the 4th quarter worth $108,000. Smith Asset Management Group LP bought a new stake in shares of Cheetah Mobile in the 4th quarter valued at about $220,000. Acadian Asset Management LLC bought a new stake in shares of Cheetah Mobile in the 4th quarter valued at about $752,000. Sensato Investors LLC grew its position in shares of Cheetah Mobile by 119.7% in the 4th quarter. Sensato Investors LLC now owns 81,784 shares of the software maker’s stock valued at $988,000 after buying an additional 44,561 shares during the last quarter. Finally, Profund Advisors LLC grew its position in shares of Cheetah Mobile by 518.6% in the 4th quarter. Profund Advisors LLC now owns 85,598 shares of the software maker’s stock valued at $1,034,000 after buying an additional 71,760 shares during the last quarter. Institutional investors and hedge funds own 5.86% of the company’s stock.
About Cheetah Mobile
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.
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.