Sonida Senior Living, Inc. (NYSE:SNDA) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Sonida Senior Living, Inc. (NYSE:SNDA) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $47.83.

Several research firms recently commented on SNDA. Citizens Jmp cut their target price on shares of Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, November 6th. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada decreased their price target on shares of Sonida Senior Living from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday. Compass Point assumed coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Cantor Fitzgerald increased their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th.

Insider Activity

In related news, Director Michael Simanovsky sold 115,000 shares of Sonida Senior Living stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total value of $4,681,650.00. Following the transaction, the director directly owned 254,447 shares in the company, valued at $10,358,537.37. The trade was a 31.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 269,074 shares of company stock valued at $10,646,041. Insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Several hedge funds have recently modified their holdings of SNDA. Compass Financial Management LLC purchased a new position in Sonida Senior Living in the 2nd quarter worth about $27,000. Allworth Financial LP acquired a new stake in Sonida Senior Living during the 2nd quarter worth about $43,000. First Bancorp Inc ME purchased a new stake in Sonida Senior Living during the second quarter valued at about $50,000. Provenance Wealth Advisors LLC purchased a new stake in Sonida Senior Living during the third quarter valued at about $57,000. Finally, Main Street Group LTD purchased a new stake in Sonida Senior Living during the first quarter valued at about $50,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Sonida Senior Living Price Performance

NYSE SNDA traded down $0.16 on Tuesday, reaching $33.00. The company’s stock had a trading volume of 298,933 shares, compared to its average volume of 505,230. Sonida Senior Living has a twelve month low of $29.66 and a twelve month high of $44.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market cap of $1.62 billion, a PE ratio of -6.17 and a beta of 0.88. The firm’s 50 day moving average is $36.17 and its two-hundred day moving average is $37.09.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.20). The business had revenue of $210.19 million for the quarter. Sonida Senior Living had a negative net margin of 20.34% and a negative return on equity of 17.94%. As a group, sell-side analysts predict that Sonida Senior Living will post -3.21 EPS for the current year.

About Sonida Senior Living

Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support. Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions. The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.