Equities research analysts at Rodman & Renshaw initiated coverage on shares of Sina (NASDAQ: SINA) in a research note issued to investors on Thursday. They set a “market perform” rating on the stock.
Separately, analysts at Brean Murray initiated coverage on shares of Sina in a research note to investors on Friday, August 19th. They set a “buy” rating and a $128.00 price target on the stock. Also, analysts at ThinkEquity upgraded shares of Sina from a “hold” rating to a “buy” rating in a research note to investors on Thursday, August 18th.
SINA Corporation (SINA) is an online media company and MVAS provider in the People’s Republic of China (PRC) and the global Chinese communities. The Company provides services through five business lines, including SINA.com (online news and content), SINA Mobile (MVAS), SINA Community (Web 2.0 and social networking-based services and games), SINA.net (search and enterprise services), and SINA E-Commerce (online shopping). These business lines provide an array of services, including region-focused online portals, MVAS, social networking service (SNS), such as micro-blog and album, blog, audio and video streaming, album, online games, e-mail, search, classified listings, fee-based services, e-commerce and enterprise e-solutions.
Sina last announced its quarterly results on Wednesday, August 17th. The company reported $0.20 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.23 EPS by $0.03. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Sina will post $0.23 EPS next quarter.
Shares of Sina opened at 109.20 on Friday. Sina has a 52 week low of $42.88 and a 52 week high of $147.12. The stock’s 50-day moving average is $102.0 and its 200-day moving average is $105.2. The company has a market cap of $7.165 billion.
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