Shares of Cheetah Mobile Inc (NASDAQ:CMCM) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $11.00 for the company, according to Zacks. Zacks has also given Cheetah Mobile an industry rank of 76 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Wednesday, January 25th. Instinet assumed coverage on Cheetah Mobile in a research report on Monday, February 13th. They set a “neutral” rating and a $10.00 price objective on the stock.
Several institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC raised its position in shares of Cheetah Mobile by 152.2% in the fourth quarter. Guggenheim Capital LLC now owns 39,060 shares of the company’s stock valued at $374,000 after buying an additional 23,574 shares during the period. FIL Ltd raised its position in Cheetah Mobile by 101.7% in the fourth quarter. FIL Ltd now owns 104,060 shares of the company’s stock valued at $995,000 after buying an additional 52,460 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Cheetah Mobile during the fourth quarter valued at about $1,064,000. State Street Corp raised its position in Cheetah Mobile by 18.1% in the fourth quarter. State Street Corp now owns 100,207 shares of the company’s stock valued at $957,000 after buying an additional 15,381 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Cheetah Mobile during the fourth quarter valued at about $261,000.
Cheetah Mobile (NASDAQ:CMCM) traded up 3.32% during trading on Wednesday, reaching $13.06. 248,508 shares of the company’s stock were exchanged. The stock’s market capitalization is $1.80 billion. The company’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.79. Cheetah Mobile has a 52 week low of $8.77 and a 52 week high of $18.19.
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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