News articles about Sina Corporation (NASDAQ:SINA) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sina Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.8773219798778 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- BRIEF-Sina reports Q2 non-GAAP earnings per share $0.70 (businessinsider.com)
- Sina Corporation Profit Advances 165% In Q2 (rttnews.com)
- Sina Corp (SINA) Tops Q2 EPS by 13c (streetinsider.com)
- SINA Grows Stronger by the Day - Madison.com (host.madison.com)
- Stocks Drop At Open; Netflix, Priceline, Disney Trip Sell Signals (finance.yahoo.com)
A number of equities analysts have recently weighed in on the stock. Citigroup Inc. upped their price target on shares of Sina Corporation to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price target (up from $74.00) on shares of Sina Corporation in a research note on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of Sina Corporation in a research note on Wednesday, May 17th. Benchmark Co. initiated coverage on shares of Sina Corporation in a research report on Tuesday, April 18th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, BidaskClub upgraded shares of Sina Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $99.58.
Sina Corporation (NASDAQ:SINA) traded down 4.6693% on Thursday, reaching $95.3307. 963,247 shares of the company’s stock were exchanged. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $105.99. The firm’s 50 day moving average is $91.54 and its 200 day moving average is $81.53. The stock has a market capitalization of $6.76 billion, a P/E ratio of 29.1175 and a beta of 1.24.
Sina Corporation (NASDAQ:SINA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.27. Sina Corporation had a return on equity of 6.19% and a net margin of 22.36%. The business had revenue of $358.93 million during the quarter, compared to analyst estimates of $344.23 million. During the same quarter last year, the company posted $0.27 EPS. Sina Corporation’s revenue for the quarter was up 47.1% on a year-over-year basis. Analysts expect that Sina Corporation will post $2.74 EPS for the current year.
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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