Cheetah Mobile (NYSE:CMCM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCM – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the software maker’s stock.

Cheetah Mobile Stock Performance

NYSE CMCM opened at $2.20 on Wednesday. The stock’s 50-day simple moving average is $2.31 and its two-hundred day simple moving average is $2.29. Cheetah Mobile has a twelve month low of $1.41 and a twelve month high of $6.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC bought a new position in Cheetah Mobile Inc. (NYSE:CMCM – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.06% of Cheetah Mobile at the end of the most recent reporting period. 1.36% of the stock is currently owned by institutional investors.

About Cheetah Mobile

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Cheetah Mobile, Inc engages in the provision of Internet and mobile security software. It operates through the Internet Business and AI and Others segments. The Internet Business segment provides online advertising, VIP membership and software subscriptions, and game-related services. The AI and Others segment focuses on advertising agency services, multi-cloud management services, and the sale of AI hardware products and technical consulting services.