Sonida Senior Living (NYSE:SNDA – Get Free Report) had its price target cut by research analysts at Royal Bank Of Canada from $48.00 to $43.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 28.28% from the company’s current price.
Other analysts have also issued reports about the stock. Cantor Fitzgerald lifted their target price on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup started coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating for the company. Citizens Jmp decreased their price objective on Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday, November 6th. Finally, Robert W. Baird upgraded Sonida Senior Living from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $43.00 in a research note on Thursday, September 3rd. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Sonida Senior Living currently has a consensus rating of “Hold” and a consensus target price of $47.83.
Get Our Latest Stock Analysis on Sonida Senior Living
Sonida Senior Living Stock Performance
SNDA traded down $0.22 during trading on Wednesday, reaching $33.52. 20,917 shares of the company’s stock were exchanged, compared to its average volume of 492,838. The company has a market capitalization of $1.65 billion, a P/E ratio of -6.27 and a beta of 0.88. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 1.84. The business has a 50 day moving average price of $36.43 and a 200 day moving average price of $37.16. Sonida Senior Living has a fifty-two week low of $29.66 and a fifty-two week high of $44.38.
Sonida Senior Living (NYSE:SNDA – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.20). The business had revenue of $210.19 million during the quarter. Sonida Senior Living had a negative net margin of 20.34% and a negative return on equity of 17.94%. As a group, analysts predict that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.
Insider Buying and Selling at Sonida Senior Living
In other Sonida Senior Living news, Director Benjamin Harris sold 6,269 shares of Sonida Senior Living stock in a transaction on Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction 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. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Simanovsky sold 115,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the completion of the sale, the director owned 254,447 shares in the company, valued at $10,358,537.37. This represents a 31.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 275,343 shares of company stock valued at $10,895,485 over the last quarter. Corporate insiders own 39.30% of the company’s stock.
Hedge Funds Weigh In On Sonida Senior Living
Institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. boosted its position in Sonida Senior Living by 18.7% in the third quarter. Landscape Capital Management L.L.C. now owns 7,913 shares of the company’s stock valued at $297,000 after buying an additional 1,246 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Sonida Senior Living by 333.7% during the third quarter. First Eagle Investment Management LLC now owns 498,744 shares of the company’s stock worth $18,743,000 after buying an additional 383,744 shares during the last quarter. Norwood Investment Partners LP increased its holdings in shares of Sonida Senior Living by 115.6% during the third quarter. Norwood Investment Partners LP now owns 75,000 shares of the company’s stock worth $2,818,000 after buying an additional 40,215 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of Sonida Senior Living during the third quarter worth approximately $3,217,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Sonida Senior Living by 566.7% during the third quarter. Russell Investments Group Ltd. now owns 41,342 shares of the company’s stock worth $1,554,000 after buying an additional 35,141 shares in the last quarter. 87.55% of the stock is owned by institutional investors.
About Sonida Senior Living
Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support. Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions. The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.
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