Media stories about Sorrento Therapeutics (NASDAQ:SRNE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sorrento Therapeutics earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the biopharmaceutical company an impact score of 45.3291843778142 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of Sorrento Therapeutics (NASDAQ SRNE) traded up $0.27 during midday trading on Monday, hitting $2.88. 1,048,565 shares of the stock were exchanged, compared to its average volume of 1,770,000. Sorrento Therapeutics has a 52-week low of $1.50 and a 52-week high of $6.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.28.

A number of equities research analysts have commented on the stock. HC Wainwright restated a “buy” rating and issued a $20.00 price target on shares of Sorrento Therapeutics in a report on Monday, September 18th. Oppenheimer Holdings, Inc. set a $7.00 price target on shares of Sorrento Therapeutics and gave the stock a “buy” rating in a report on Tuesday, August 29th. Roth Capital assumed coverage on shares of Sorrento Therapeutics in a report on Thursday, August 3rd. They issued a “buy” rating and a $7.00 price target for the company. Finally, UBS AG assumed coverage on shares of Sorrento Therapeutics in a report on Thursday, August 3rd. They issued an “outperform” rating and a $7.00 price target for the company. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $11.67.

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About Sorrento Therapeutics

Sorrento Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in the discovery, acquisition, development and commercialization of drug therapeutics. Its primary therapeutic focus is oncology, including the treatment of chronic cancer pain. It is also developing therapeutic products for other indications, including immunology and infectious diseases.

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