Cheetah Mobile (NYSE:CMCM) Raised to "Hold" at Wall Street Zen

Key Points

• Cheetah Mobile (NYSE:CMCM) has been upgraded to a "hold" rating by analysts at Wall Street Zen.
• The company reported a quarterly loss of ($0.08) EPS and had a revenue of $41.21 million for the quarter ending September 11.
• Hedge funds have recently shown interest in Cheetah Mobile, with several purchasing new stakes valued collectively at approximately $670,000.

Cheetah Mobile (NYSE:CMCM - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a report released on Saturday.

Cheetah Mobile Price Performance

NYSE:CMCM opened at $8.26 on Friday. Cheetah Mobile has a 1-year low of $3.28 and a 1-year high of $9.39. The company has a 50-day moving average of $5.65 and a 200 day moving average of $4.76. The firm has a market cap of $250.29 million, a PE ratio of -3.77 and a beta of 1.75.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The software maker reported ($0.08) EPS for the quarter. The firm had revenue of $41.21 million for the quarter. Cheetah Mobile had a negative net margin of 47.30% and a negative return on equity of 13.63%.

Institutional Trading of Cheetah Mobile

Several hedge funds have recently modified their holdings of CMCM. E Fund Management Co. Ltd. purchased a new stake in shares of Cheetah Mobile during the first quarter valued at about $305,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Cheetah Mobile during the first quarter valued at about $305,000. Finally, XTX Topco Ltd purchased a new stake in shares of Cheetah Mobile during the first quarter valued at about $60,000. 0.41% of the stock is owned by hedge funds and other institutional investors.

Cheetah Mobile Company Profile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.

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