Press coverage about Sina Corporation (NASDAQ:SINA) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sina Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.2632533580356 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
Several equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating on shares of Sina Corporation in a research report on Friday, August 11th. Citigroup Inc. lifted their target price on Sina Corporation to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Bank of America Corporation reissued a “buy” rating and issued a $119.00 target price (up previously from $112.00) on shares of Sina Corporation in a report on Thursday, August 10th. Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, BidaskClub raised Sina Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Sina Corporation presently has an average rating of “Buy” and an average target price of $104.08.
Sina Corporation (NASDAQ:SINA) opened at 105.39 on Friday. The stock has a market capitalization of $7.50 billion, a P/E ratio of 34.51 and a beta of 1.16. The stock has a 50 day moving average price of $114.13 and a 200 day moving average price of $96.16. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $119.20.
Sina Corporation (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. The business had revenue of $358.93 million for the quarter, compared to the consensus estimate of $344.23 million. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities analysts predict that Sina Corporation will post $2.92 EPS for the current fiscal year.
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About Sina Corporation
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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