Separately, Jefferies Financial Group assumed coverage on shares of Cheetah Mobile in a research note on Monday, August 5th. They set an “underperform” rating and a $2.90 price target on the stock.
NYSE CMCM traded up $0.20 during trading hours on Friday, reaching $4.31. The company’s stock had a trading volume of 315,632 shares, compared to its average volume of 472,936. The stock has a market cap of $570.45 million, a PE ratio of 3.65 and a beta of 1.81. Cheetah Mobile has a fifty-two week low of $2.90 and a fifty-two week high of $10.42. The company’s 50-day moving average is $3.68 and its two-hundred day moving average is $4.06.
Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of Cheetah Mobile by 90.4% during the 2nd quarter. Renaissance Technologies LLC now owns 927,280 shares of the software maker’s stock worth $3,292,000 after acquiring an additional 440,180 shares during the period. JPMorgan Chase & Co. raised its holdings in Cheetah Mobile by 92.3% in the second quarter. JPMorgan Chase & Co. now owns 681,917 shares of the software maker’s stock valued at $2,407,000 after buying an additional 327,375 shares during the period. BlackRock Inc. raised its holdings in Cheetah Mobile by 4,991.9% in the second quarter. BlackRock Inc. now owns 252,200 shares of the software maker’s stock valued at $896,000 after buying an additional 247,247 shares during the period. Northern Trust Corp purchased a new position in Cheetah Mobile in the second quarter valued at approximately $637,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in Cheetah Mobile by 629.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 137,250 shares of the software maker’s stock valued at $487,000 after buying an additional 118,429 shares during the period. Institutional investors and hedge funds own 4.42% 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.
See Also: What is the market perform rating?
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.