Sonida Senior Living (NYSE:SNDA) Stock Price Target Cut by Citizens Jmp

Sonida Senior Living (NYSE:SNDA – Get Free Report) had its price target lowered by Citizens Jmp from $50.00 to $45.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp‘s price target indicates a potential upside of 37.80% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. 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. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Compass Point started coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target on the stock. 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 report on Tuesday, August 11th. Finally, Robert W. Baird upgraded Sonida Senior Living from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $37.00 to $43.00 in a research report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sonida Senior Living currently has an average rating of “Hold” and a consensus target price of $48.67.

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Sonida Senior Living Stock Performance

Shares of SNDA traded down $1.41 during midday trading on Friday, hitting $32.66. 276,651 shares of the stock traded hands, compared to its average volume of 490,254. Sonida Senior Living has a 1-year low of $29.66 and a 1-year high of $44.38. The firm has a market capitalization of $1.57 billion, a PE ratio of -5.29 and a beta of 0.88. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $36.71 and its two-hundred day moving average price is $37.23.

Sonida Senior Living (NYSE:SNDA – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.20). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%. The firm had revenue of $210.19 million for the quarter. Equities research analysts predict that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Simanovsky sold 115,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the completion of the sale, the director owned 254,447 shares of the company’s stock, valued at $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin P. Harris sold 6,269 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the transaction, the director owned 10,037 shares of the company’s stock, valued at $399,372.23. This represents a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 275,343 shares of company stock worth $10,895,485 over the last three months. Corporate insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in shares of Sonida Senior Living in the 2nd quarter worth approximately $27,000. Allworth Financial LP bought a new position in shares of Sonida Senior Living in the second quarter valued at approximately $43,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living during the first quarter valued at approximately $50,000. First Bancorp Inc ME acquired a new position in shares of Sonida Senior Living during the second quarter valued at approximately $50,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Sonida Senior Living during the third quarter worth approximately $57,000. 87.55% of the stock is currently owned by institutional investors.

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Sonida Senior Living Company Profile

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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.

Further Reading

Analyst Recommendations for Sonida Senior Living (NYSE:SNDA)

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