ValuEngine Upgrades Cheetah Mobile (NYSE:CMCM) to Buy

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Cheetah Mobile (NYSE:CMCM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday, November 1st, ValuEngine reports.

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.

Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings results on Tuesday, August 20th. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.79). Cheetah Mobile had a return on equity of 17.98% and a net margin of 20.61%. The firm had revenue of $141.32 million for the quarter. As a group, equities research analysts forecast that Cheetah Mobile will post -0.06 earnings per share for the current year.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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