Sonida Senior Living (NYSE:SNDA) Stock Rating Upgraded by Wall Street Zen

Sonida Senior Living (NYSE:SNDA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. 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 note on Monday, June 29th. Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday. Cantor Fitzgerald raised their price target 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. Morgan Stanley boosted their price target on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Finally, Citigroup assumed coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.00.

Sonida Senior Living Price Performance

NYSE SNDA opened at $40.27 on Friday. 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 firm has a 50 day moving average price of $38.25. The stock has a market capitalization of $1.91 billion, a P/E ratio of -6.91 and a beta of 0.80. Sonida Senior Living has a 1-year low of $23.78 and a 1-year high of $44.38.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $122.63 million for the quarter. On average, equities research analysts anticipate that Sonida Senior Living will post -1.72 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living in the first quarter valued at about $45,000. Main Street Group LTD purchased a new position in Sonida Senior Living during the first quarter worth about $50,000. First Pacific Financial purchased a new position in Sonida Senior Living during the first quarter worth about $56,000. Darwin Wealth Management LLC acquired a new position in Sonida Senior Living in the 1st quarter valued at about $63,000. Finally, Sunbelt Securities Inc. acquired a new position in Sonida Senior Living in the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

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.