Sonida Senior Living (NYSE:SNDA) Coverage Initiated at Citizens Jmp

Citizens Jmp started coverage on shares of Sonida Senior Living (NYSE:SNDA) in a report issued on Monday. The firm set an “outperform” rating and a $50.00 price target on the stock. Citizens Jmp’s target price indicates a potential upside of 20.19% from the company’s current price.

SNDA has been the subject of a number of other reports. Cantor Fitzgerald lifted their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Robert W. Baird increased their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Morgan Stanley boosted their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Stock Performance

Shares of NYSE:SNDA opened at $41.60 on Monday. The company has a market capitalization of $1.97 billion, a P/E ratio of -7.14 and a beta of 0.75. Sonida Senior Living has a 52 week low of $23.78 and a 52 week high of $42.79. The firm has a 50 day moving average price of $37.80. 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 (NYSE:SNDA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $122.63 million during the quarter. On average, sell-side analysts forecast that Sonida Senior Living will post -1.72 earnings per share for the current year.

Insiders Place Their Bets

In related 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 sale, the director owned 9,182 shares in the company, valued at approximately $343,957.72. This trade represents a 21.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

A number of large investors have recently bought and sold shares of the company. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living in the 1st quarter worth about $45,000. Main Street Group LTD bought a new stake in Sonida Senior Living during the 1st quarter worth approximately $50,000. First Pacific Financial purchased a new stake in shares of Sonida Senior Living in the first quarter worth $56,000. Darwin Wealth Management LLC purchased a new stake in shares of Sonida Senior Living in the 1st quarter valued at about $63,000. Finally, Sunbelt Securities Inc. purchased a new stake in Sonida Senior Living in the first quarter valued at approximately $64,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Company Profile

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.