Favorable Press Coverage Unlikely to Impact SINA Corp (SINA) Stock Price

News headlines about SINA Corp (NASDAQ:SINA) have trended positive recently, according to AlphaOne Sentiment. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SINA Corp earned a daily sentiment score of 0.47 on AlphaOne’s scale. AlphaOne also assigned news stories about the technology company an impact score of 37 out of 100, meaning that recent news coverage is unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted AlphaOne’s scoring:

Several equities research analysts have recently commented on SINA shares. Zacks Investment Research downgraded SINA Corp from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Jefferies Group LLC set a $98.00 target price on SINA Corp and gave the company a “buy” rating in a report on Thursday, March 2nd. Benchmark Co. started coverage on SINA Corp in a report on Tuesday, April 18th. They set a “buy” rating and a $110.00 target price for the company. T.H. Capital upped their target price on SINA Corp from $62.00 to $94.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 target price (up from $74.00) on shares of SINA Corp in a report on Wednesday. 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 a consensus price target of $90.71.

SINA Corp (NASDAQ:SINA) last posted its earnings results on Tuesday, May 16th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.78. SINA Corp had a return on equity of 5.05% and a net margin of 22.57%. The firm had revenue of $278.10 million during the quarter, compared to analysts’ expectations of $267.14 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The company’s revenue was up 40.0% on a year-over-year basis.

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About SINA Corp

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.

5 Day Chart for NASDAQ:SINA

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