Sonida Senior Living, Inc. (NYSE:SNDA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have been given a consensus rating of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $41.25.

SNDA has been the subject of a number of research analyst reports. Cantor Fitzgerald increased their target price on shares of Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley upped their price target on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Royal Bank Of Canada lifted their price objective on Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Wall Street Zen downgraded Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 26th.

Insider Buying and Selling

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the transaction, the director directly owned 9,182 shares in the company, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

Several large investors have recently modified their holdings of the business. Financial Enhancement Group LLC purchased a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $1,006,000. Ballast Advisors LLC purchased a new stake in Sonida Senior Living in the 1st quarter valued at approximately $93,000. Militia Capital Management LLC purchased a new stake in Sonida Senior Living in the 1st quarter valued at approximately $576,000. NewEdge Advisors LLC acquired a new stake in Sonida Senior Living during the 1st quarter valued at $402,000. Finally, Western Wealth Management LLC purchased a new position in Sonida Senior Living during the first quarter worth $66,000. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sonida Senior Living Price Performance

Shares of SNDA stock opened at $40.99 on Wednesday. The business’s fifty day simple moving average is $37.06. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -7.03 and a beta of 0.75. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44. Sonida Senior Living has a 1-year low of $23.78 and a 1-year high of $42.79.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The company had revenue of $122.63 million for the quarter. Equities research analysts expect that Sonida Senior Living will post -1.72 earnings per share for the current fiscal year.

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.