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Cheetah Mobile (NYSE:CMCM) was downgraded by Zacks Investment Research from a hold rating to a sell rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the Peoples Republic of China.

Separately, ValuEngine upgraded shares of Cheetah Mobile from a hold rating to a buy rating in a research report on Friday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $3.17.

Shares of NYSE:CMCM opened at $3.68 on Friday. The company has a market cap of $531.75 million, a PE ratio of 2.92 and a beta of 1.78. Cheetah Mobile has a 52 week low of $2.90 and a 52 week high of $8.00. The firm has a 50 day simple moving average of $3.43 and a 200 day simple moving average of $3.60.

Cheetah Mobile (NYSE:CMCM) last issued its quarterly earnings results on Wednesday, November 13th. The software maker reported $0.45 EPS for the quarter. The business had revenue of $128.70 million during the quarter. Cheetah Mobile had a net margin of 28.98% and a return on equity of 22.27%. As a group, sell-side analysts predict that Cheetah Mobile will post 0.43 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its stake in Cheetah Mobile by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 129,400 shares of the software makers stock valued at $463,000 after buying an additional 7,100 shares during the period. Tower Research Capital LLC TRC increased its stake in Cheetah Mobile by 97.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,333 shares of the software makers stock valued at $58,000 after buying an additional 8,047 shares during the period. GSA Capital Partners LLP increased its stake in Cheetah Mobile by 24.1% in the 2nd quarter. GSA Capital Partners LLP now owns 53,100 shares of the software makers stock valued at $189,000 after buying an additional 10,309 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Cheetah Mobile by 24.8% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 61,900 shares of the software makers stock valued at $220,000 after buying an additional 12,300 shares during the period. Finally, Coatue Management LLC acquired a new position in Cheetah Mobile in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 4.44% of the companys 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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Cheetah Mobile (NYSE:CMCM) Stock Rating Lowered by Zacks Investment Research - Riverton Roll