Sina Corporation (SINA) Earning Somewhat Favorable News Coverage, Study Finds
News articles about Sina Corporation (NASDAQ:SINA) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.0621859766765 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- SINA Urges Shareholders To Vote “AGAINST” Election Of Aristeia Nominees (nasdaq.com)
- BRIEF-SINA Corp asks shareholders to vote against Aristeia Capital board nominees (reuters.com)
- SINA Corporation Sends Letter to Shareholders Setting the Record Straight on the Value Created by the Current SINA Board and Management Team (finance.yahoo.com)
- SINA Corporation Growth Stock For Your Watch List (guerillastocktrading.com)
- Sina Makes Case for Own Board Members, Scorns Activist Investor’s Nominees (caixinglobal.com)
Sina Corporation (NASDAQ:SINA) opened at 113.93 on Thursday. The firm has a 50-day moving average price of $111.43 and a 200 day moving average price of $93.23. Sina Corporation has a 12 month low of $60.46 and a 12 month high of $119.20. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 37.31 and a beta of 1.16.
Sina Corporation (NASDAQ:SINA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The firm had revenue of $358.93 million for the quarter, compared to the consensus estimate of $344.23 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities analysts forecast that Sina Corporation will post $2.92 EPS for the current year.
SINA has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $122.00 price target on shares of Sina Corporation in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Sina Corporation in a research report on Friday, June 23rd. BidaskClub lowered Sina Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $119.00 target price (up from $112.00) on shares of Sina Corporation in a research report on Thursday, August 10th. One research 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 company. The stock currently has a consensus rating of “Buy” and an average target price of $104.08.
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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