Media stories about Sina Corporation (NASDAQ:SINA) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sina Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.8457895483645 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Sina Corporation’s (NASDAQ:SINA) “Buy” Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- China investigates top local social media sites in push to control content (reuters.com)
- Sina’s Results Remain Strong Driven By Weibo, Advertising (finance.yahoo.com)
Shares of Sina Corporation (NASDAQ SINA) traded up 0.94% during mid-day trading on Friday, hitting $95.29. The stock had a trading volume of 1,411,097 shares. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $105.99. The stock’s 50-day moving average is $91.83 and its 200-day moving average is $81.82. The firm has a market capitalization of $6.78 billion, a PE ratio of 31.20 and a beta of 1.24.
Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.27. The company had revenue of $358.93 million for the quarter, compared to analyst estimates of $344.23 million. Sina Corporation had a return on equity of 6.65% and a net margin of 18.64%. The firm’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts expect that Sina Corporation will post $2.78 earnings per share for the current year.
SINA has been the topic of several research reports. Benchmark Co. initiated coverage on shares of Sina Corporation in a research report on Tuesday, April 18th. They set a “buy” rating and a $110.00 price target on the stock. T.H. Capital upped their price target on shares of Sina Corporation from $62.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Jefferies Group LLC reiterated a “buy” rating and set a $122.00 price target on shares of Sina Corporation in a research report on Wednesday, May 17th. Stifel Nicolaus restated a “hold” rating and set a $92.00 target price (up from $74.00) on shares of Sina Corporation in a research report on Wednesday, May 17th. Finally, BidaskClub downgraded shares of Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Sina Corporation has a consensus rating of “Buy” and an average price target of $101.74.
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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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