ValuEngine Downgrades Cheetah Mobile (NYSE:CMCM) to Sell

ValuEngine downgraded shares of Cheetah Mobile (NYSE:CMCM) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

Separately, Jefferies Financial Group began coverage on shares of Cheetah Mobile in a report on Monday, August 5th. They issued an underperform rating and a $2.90 target price on the stock.

Cheetah Mobile stock opened at $3.24 on Tuesday. The firm has a market capitalization of $478.72 million, a price-to-earnings ratio of 2.63 and a beta of 1.78. The firm’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $3.76. Cheetah Mobile has a 1-year low of $2.90 and a 1-year high of $8.00.

Hedge funds have recently bought and sold shares of the company. Coatue Management LLC purchased a new position in shares of Cheetah Mobile during the second quarter valued at approximately $47,000. Tower Research Capital LLC TRC raised its position in Cheetah Mobile by 97.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,333 shares of the software maker’s stock valued at $58,000 after buying an additional 8,047 shares during the last quarter. Jane Street Group LLC purchased a new stake in Cheetah Mobile in the 2nd quarter valued at $78,000. Walleye Trading Advisors LLC bought a new position in Cheetah Mobile during the 2nd quarter valued at $81,000. Finally, Morgan Stanley lifted its stake in Cheetah Mobile by 130.4% during the 2nd quarter. Morgan Stanley now owns 49,993 shares of the software maker’s stock valued at $177,000 after acquiring an additional 28,290 shares in the last quarter. Institutional investors own 4.44% of the company’s stock.

Cheetah Mobile Company Profile

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.

Read More: Profit Margin

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

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