Maxim Group Reiterates Sell Rating, $44 PT on Sina Corp. on Reduced Estimates
In a report published Wednesday, Maxim Group reiterated its Sell rating and $44.00 price target on Sina Corp. (NASDAQ: SINA).
Maxim Group noted, “Last night SINA reported 4Q12 earnings. Total revenue was $134.4M, in-line with our estimate and consensus. Non-GAAP EPS was $0.13, higher than our estimate and consensus of $0.06, mainly due to less than expected cost of revenue, sales & marketing and G&A expenses. 1Q13 revenue guidance was in-line with consensus estimate but 7% below our estimate, representing 21% y/y growth but 14% q/q decline, both matrices improved from a year ago.”
Sina Corp. closed on Tuesday at $53.48.
Latest Ratings for SINA
|Mar 2015||Bocom||Downgrades||Long-term Buy||Neutral|
|Jan 2015||JP Morgan||Maintains||Overweight|
|Jan 2015||Pacific Crest||Downgrades||Outperform||Sector Perform|
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