The Somewhat Negative News Coverage Very Likely to Affect SINA Corp (SINA) Stock Price

The Somewhat Negative News Coverage Very Likely to Affect SINA Corp (SINA) Stock Price

SINA Corp (NASDAQ:SINA) opened at 96.50 on Monday. The stock has a 50 day moving average price of $85.67 and a 200-day moving average price of $74.06. The stock has a market cap of $6.85 billion, a PE ratio of 29.47 and a beta of 1.15. SINA Corp has a one year low of $48.09 and a one year high of $105.99.

Headlines about SINA Corp (NASDAQ:SINA) have been trending somewhat negative recently, according to AlphaOne. AlphaOne, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SINA Corp earned a coverage optimism score of -0.17 on AlphaOne’s scale. AlphaOne also gave media coverage about the technology company an impact score of 90 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the near future.

SINA Corp (NASDAQ:SINA) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.78. The company had revenue of $278.10 million during the quarter, compared to analyst estimates of $267.14 million. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts expect that SINA Corp will post $2.68 earnings per share for the current fiscal year. SINA has been the topic of several recent analyst reports. Jefferies Group LLC set a $98.00 target price on SINA Corp and gave the company a “buy” rating in a research note on Thursday, March 2nd. T.H. Capital lifted their target price on SINA Corp from $62.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Benchmark Co. assumed coverage on SINA Corp in a research note on Tuesday, April 18th. They set a “buy” rating and a $110.00 target price on the stock. Zacks Investment Research downgraded SINA Corp from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 price objective (up previously from $74.00) on shares of SINA Corp in a research note on Wednesday, May 17th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. SINA Corp presently has a consensus rating of “Buy” and an average target price of $90.71.

SINA Corp (NASDAQ:SINA) last announced its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.78. The company had revenue of $278.10 million during the quarter, compared to analyst estimates of $267.14 million. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts expect that SINA Corp will post $2.68 earnings per share for the current fiscal year. SINA Corp Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SINA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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