Sonida Senior Living, Inc. (NYSE:SNDA) Receives $43.00 Average PT from Analysts

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have earned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $43.00.

A number of research analysts have issued reports on SNDA shares. Morgan Stanley upped their price target on shares of 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. 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 note on Wednesday, May 13th. Wall Street Zen raised shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th. Finally, Citigroup started coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating for the company.

Insider Buying and Selling at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the transaction, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

A number of large investors have recently bought and sold shares of SNDA. Irenic Capital Management LP raised its position in Sonida Senior Living by 1,049.3% during the 1st quarter. Irenic Capital Management LP now owns 1,219,747 shares of the company’s stock worth $39,337,000 after buying an additional 1,113,622 shares during the last quarter. Rush Island Management LP acquired a new stake in Sonida Senior Living during the 1st quarter valued at approximately $7,036,000. Conversant Capital LLC boosted its holdings in shares of Sonida Senior Living by 57.7% in the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares during the last quarter. Emmett Investment Management LP boosted its holdings in shares of Sonida Senior Living by 11.4% in the 1st quarter. Emmett Investment Management LP now owns 234,824 shares of the company’s stock valued at $7,538,000 after acquiring an additional 23,990 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Sonida Senior Living in the first quarter worth $1,036,000. Hedge funds and other institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Stock Performance

Shares of NYSE SNDA opened at $40.33 on Friday. Sonida Senior Living has a fifty-two week low of $23.93 and a fifty-two week high of $44.38. The firm has a market capitalization of $1.91 billion, a P/E ratio of -6.92 and a beta of 0.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50-day simple moving average of $38.58.

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 the consensus estimate of ($1.67) by ($0.72). The company had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. On average, sell-side analysts predict 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.