Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.50.
SNDA has been the topic of several recent analyst reports. Zacks Research cut Sonida Senior Living from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Cantor Fitzgerald raised their price objective 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. Robert W. Baird set a $43.00 price objective on Sonida Senior Living and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada upped their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th.
Check Out Our Latest Report on SNDA
Sonida Senior Living Stock Performance
Shares of SNDA stock opened at $33.87 on Friday. Sonida Senior Living has a 12 month low of $24.94 and a 12 month high of $44.38. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $1.63 billion, a P/E ratio of -5.47 and a beta of 0.74. The company’s fifty day moving average price is $37.80 and its two-hundred day moving average price is $37.62.
Sonida Senior Living (NYSE:SNDA – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The firm had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same period in the prior year, the firm posted ($0.16) earnings per share. On average, research analysts anticipate that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Benjamin P. Harris sold 6,269 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the sale, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Simanovsky sold 97,581 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the transaction, the director owned 100,373 shares in the company, valued at $3,856,330.66. This trade represents a 49.29% decrease in their ownership of the stock. 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 in the last three months. Corporate insiders own 39.30% of the company’s stock.
Institutional Investors Weigh In On Sonida Senior Living
Several hedge funds and other institutional investors have recently modified their holdings of SNDA. State of Alaska Department of Revenue increased its holdings in Sonida Senior Living by 112.0% in the third quarter. State of Alaska Department of Revenue now owns 2,154 shares of the company’s stock valued at $80,000 after buying an additional 1,138 shares during the last quarter. Financial Enhancement Group LLC raised its stake in Sonida Senior Living by 6.4% during the third quarter. Financial Enhancement Group LLC now owns 26,238 shares of the company’s stock valued at $950,000 after buying an additional 1,580 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Sonida Senior Living by 398.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,430 shares of the company’s stock worth $242,000 after buying an additional 5,140 shares during the last quarter. RFG Advisory LLC lifted its holdings in Sonida Senior Living by 83.6% during the 2nd quarter. RFG Advisory LLC now owns 15,902 shares of the company’s stock worth $649,000 after buying an additional 7,243 shares during the last quarter. Finally, Irenic Capital Management LP lifted its holdings in Sonida Senior Living by 56.1% during the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after buying an additional 683,874 shares during the last quarter. Institutional investors own 87.55% of the company’s stock.
About Sonida Senior Living
Sonida Senior Living Corporation (NYSE: SNDA) is a senior housing company that owns, operates and manages communities serving older adults in the United States. Its properties are designed to provide residential services and support for seniors with varying care needs.
The company offers independent living, assisted living and memory care services. Its communities generally provide housing, dining, housekeeping, transportation, wellness programs, social activities and personal care assistance, with memory care programs tailored to residents living with Alzheimer’s disease and other forms of dementia.
Sonida Senior Living was formerly known as Capital Senior Living Corporation and adopted its current name in 2024.
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