SINA (SINA) Getting Somewhat Positive Media Coverage, Report Shows

News articles about SINA (NASDAQ:SINA) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SINA earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.9615372285403 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently issued reports on SINA shares. Benchmark lifted their price objective on shares of SINA from $142.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BidaskClub lowered shares of SINA from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research upgraded shares of SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Jefferies Group reiterated a “buy” rating and set a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $129.50.

SINA (SINA) traded up $1.36 during trading on Tuesday, hitting $105.74. 1,181,200 shares of the stock traded hands, compared to its average volume of 935,663. SINA has a 52 week low of $68.13 and a 52 week high of $122.93. The firm has a market capitalization of $7,560.00, a price-to-earnings ratio of 60.08 and a beta of 1.06. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.04.

SINA (NASDAQ:SINA) last announced its earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.29. SINA had a net margin of 9.41% and a return on equity of 3.36%. The business had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 62.1% compared to the same quarter last year. sell-side analysts forecast that SINA will post 2.13 earnings per share for the current fiscal year.

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SINA Company Profile

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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