Sonida Senior Living, Inc. (NYSE:SNDA) Receives Consensus Rating of “Hold” from Brokerages

Sonida Senior Living, Inc. (NYSE:SNDAGet Free Report) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.50.

A number of research firms have recently weighed in on SNDA. Robert W. Baird increased their price objective on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen lowered Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Morgan Stanley increased their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald increased their price objective on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th.

Read Our Latest Stock Report on SNDA

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the first quarter worth $45,000. Main Street Group LTD purchased a new stake in Sonida Senior Living in the first quarter worth $50,000. First Pacific Financial purchased a new stake in Sonida Senior Living in the first quarter worth $56,000. Darwin Wealth Management LLC purchased a new stake in Sonida Senior Living in the first quarter worth $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in Sonida Senior Living in the first quarter worth $64,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Stock Performance

Shares of Sonida Senior Living stock opened at $35.92 on Friday. Sonida Senior Living has a 52-week low of $23.66 and a 52-week high of $39.66. The stock has a market cap of $1.70 billion, a PE ratio of -6.16 and a beta of 0.78. The firm has a fifty day simple moving average of $35.73. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58.

Sonida Senior Living (NYSE:SNDAGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The business had revenue of $122.63 million during the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. On average, equities research analysts forecast that Sonida Senior Living will post -1.72 earnings per share for the current fiscal year.

Sonida Senior Living Company Profile

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Sonida Senior Living (NYSE: SNDA) is a publicly traded company that owns and operates senior living communities in the United States. The company’s core business centers on providing housing and care services for older adults, with an emphasis on assisted living, memory care and related supportive services tailored to residents’ needs.

Sonida’s communities combine residential accommodations with on-site services such as personal care assistance, medication management, dining programs, social and recreational activities, and clinical oversight.

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Analyst Recommendations for Sonida Senior Living (NYSE:SNDA)

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