SINA (NASDAQ:SINA) Getting Positive Media Coverage, Accern Reports
News headlines about SINA (NASDAQ:SINA) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SINA earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.9497894406307 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Free Research Reports on These Internet Stocks — Momo, SINA, Snap, and Square – PR Newswire (press release) (prnewswire.com)
- SINA Corp (SINA) Short Interest Update (americanbankingnews.com)
- SINA Corp (SINA) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- The Sky Is the Limit for Weibo Corp (ADR) – Nasdaq (nasdaq.com)
- Zacks Investment Research Upgrades SINA (SINA) to Hold (americanbankingnews.com)
Several analysts have recently weighed in on the company. Benchmark lifted their target price on SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research upgraded SINA from a “sell” rating to a “hold” rating in a report on Friday, March 9th. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Jefferies Group restated a “buy” rating and set a $175.00 price target on shares of SINA in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. boosted their price target on SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. SINA presently has an average rating of “Buy” and a consensus price target of $139.00.
SINA (NASDAQ:SINA) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.29. SINA had a return on equity of 3.99% and a net margin of 9.89%. The business had revenue of $503.70 million during the quarter, compared to analysts’ expectations of $482.59 million. During the same period in the prior year, the business posted $0.63 EPS. The company’s revenue was up 62.1% compared to the same quarter last year. research analysts predict that SINA will post 3.1 EPS for the current fiscal year.
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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