Cheetah Mobile (NYSE:CMCM) Receives New Coverage from Analysts at initiated coverage on shares of Cheetah Mobile (NYSE:CMCMGet Rating) in a report released on Sunday. The firm set a “hold” rating on the software maker’s stock.

Shares of CMCM stock opened at $0.70 on Friday. Cheetah Mobile has a twelve month low of $0.65 and a twelve month high of $2.90. The stock has a market cap of $101.06 million, a price-to-earnings ratio of 7.02 and a beta of 1.28. The company’s 50-day moving average price is $0.88 and its 200-day moving average price is $1.15.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Cheetah Mobile by 217.4% in the third quarter. BlackRock Inc. now owns 22,343 shares of the software maker’s stock valued at $36,000 after acquiring an additional 15,303 shares in the last quarter. Morgan Stanley raised its stake in Cheetah Mobile by 2,558.0% during the 2nd quarter. Morgan Stanley now owns 27,431 shares of the software maker’s stock worth $65,000 after acquiring an additional 26,399 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Cheetah Mobile by 22.9% during the third quarter. Jane Street Group LLC now owns 88,480 shares of the software maker’s stock worth $144,000 after buying an additional 16,489 shares during the period. Institutional investors own 1.86% of the company’s stock.

Cheetah Mobile Company Profile (Get Rating)

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, and internationally. 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; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.

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