Sina Corporation (SINA) Earns News Sentiment Rating of 0.36
Media stories about Sina Corporation (NASDAQ:SINA) have trended positive this week, Alpha One reports. The research group, a division of Accern, scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sina Corporation earned a news sentiment score of 0.36 on Alpha One’s scale. Alpha One also gave media headlines about the technology company an impact score of 10 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected AlphaOne’s analysis:
- Institutional Investors Are Crazy For Sina Corp (NASDAQ:SINA) (hoyentv.com)
- ABS-CBN CELEBRATES “TV PATROL’S” 30 YEARS OF SERVICE ON INDEPENDENCE DAY (abscbnpr.com)
- VIRTUSA CORP : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K) (4-traders.com)
- Institutional Investors Are Crazy For Sina Corp (NASDAQ:SINA) – KL Daily (kldaily.com)
- SINA Corp (SINA) Short Interest Down 11.8% in May (americanbankingnews.com)
Sina Corporation (NASDAQ:SINA) traded down 0.360% during mid-day trading on Thursday, hitting $85.591. The stock had a trading volume of 706,340 shares. The firm’s 50-day moving average is $89.39 and its 200 day moving average is $75.12. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 26.143 and a beta of 1.15. Sina Corporation has a 12 month low of $48.09 and a 12 month high of $105.99.
Sina Corporation (NASDAQ:SINA) last issued its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.78. Sina Corporation had a return on equity of 6.19% and a net margin of 22.36%. The firm had revenue of $278.10 million during the quarter, compared to analyst estimates of $267.14 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue was up 40.0% compared to the same quarter last year. Equities analysts anticipate that Sina Corporation will post $2.68 EPS for the current fiscal year.
SINA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Sina Corporation from a “hold” rating to a “strong-buy” rating and set a $83.00 target price for the company in a research report on Monday, February 27th. Jefferies Group LLC set a $98.00 price objective on shares of Sina Corporation and gave the company a “buy” rating in a research note on Thursday, March 2nd. 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 target for the company. T.H. Capital increased their price objective on Sina Corporation from $62.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 target price (up from $74.00) on shares of Sina Corporation in a research report on Wednesday, May 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $90.71.
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.
Receive News & Stock Ratings for Sina Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sina Corporation and related stocks with our FREE daily email newsletter.