Sonida Senior Living (NYSE:SNDA – Get Free Report) was upgraded by analysts at Robert W. Baird from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks reports.
Several other equities analysts have also issued reports on SNDA. Cantor Fitzgerald lifted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Citigroup began coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating on the stock. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley boosted their target price on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.
Get Our Latest Analysis on SNDA
Sonida Senior Living Trading Down 0.4%
Sonida Senior Living (NYSE:SNDA – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The firm had revenue of $207.65 million during the quarter. During the same quarter last year, the business earned ($0.16) earnings per share. Research analysts forecast that Sonida Senior Living will post -3.21 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Michael Simanovsky sold 97,581 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the sale, the director owned 100,373 shares in the company, valued at $3,856,330.66. The trade was a 49.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Benjamin Harris sold 6,269 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the transaction, the director directly owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 275,343 shares of company stock worth $10,895,485 in the last 90 days. 39.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SNDA. Compass Financial Management LLC acquired a new position in shares of Sonida Senior Living in the second quarter valued at approximately $27,000. Allworth Financial LP acquired a new stake in Sonida Senior Living during the 2nd quarter worth approximately $43,000. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living during the 1st quarter worth approximately $45,000. Main Street Group LTD bought a new stake in Sonida Senior Living during the 1st quarter worth approximately $50,000. Finally, First Bancorp Inc ME bought a new stake in Sonida Senior Living during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 87.55% of the company’s stock.
About Sonida Senior Living
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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