Sonida Senior Living, Inc. (NYSE:SNDA) Stock Has Consensus Price Target of $49.50 According to Analysts

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.50.

SNDA has been the subject of a number of research reports. Morgan Stanley lifted their target price on Sonida Senior Living from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Robert W. Baird set a $43.00 price objective on shares of Sonida Senior Living and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Compass Point began coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price objective for the company. Royal Bank Of Canada increased 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. Finally, Citizens Jmp initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target on the stock.

Sonida Senior Living Stock Up 0.0%

Shares of NYSE:SNDA opened at $37.72 on Monday. Sonida Senior Living has a 12-month low of $24.94 and a 12-month high of $44.38. The stock’s 50 day moving average price is $39.47. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $1.81 billion, a PE ratio of -6.09 and a beta of 0.74.

Sonida Senior Living (NYSE:SNDA) last announced its earnings results on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%.The firm had revenue of $207.65 million for the quarter. During the same quarter in the prior year, the business posted ($0.16) EPS. Equities research analysts expect that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin P. Harris sold 6,269 shares of Sonida Senior Living stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.79, for a total value of $249,443.51. Following the transaction, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the completion of the transaction, the director directly owned 100,373 shares in the company, valued at $3,856,330.66. This trade represents a 49.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 275,343 shares of company stock valued at $10,895,485 in the last ninety days. 39.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sonida Senior Living

A number of large investors have recently modified their holdings of the business. RFG Advisory LLC boosted its stake in Sonida Senior Living by 83.6% in the second quarter. RFG Advisory LLC now owns 15,902 shares of the company’s stock valued at $649,000 after buying an additional 7,243 shares in the last quarter. Irenic Capital Management LP raised its stake in Sonida Senior Living by 56.1% during the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after acquiring an additional 683,874 shares in the last quarter. Compass Financial Management LLC acquired a new position in Sonida Senior Living during the second quarter worth about $27,000. AXQ Capital LP bought a new position in shares of Sonida Senior Living in the second quarter worth about $422,000. Finally, Centaurus Financial Inc. bought a new position in shares of Sonida Senior Living in the second quarter worth about $461,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

About Sonida Senior Living

Sonida Senior Living, formerly known as Capital Senior Living, is a Dallas-based operator of senior living communities in the United States. The company provides residential care and support services for older adults through communities offering independent living, assisted living and memory care.

Its services generally include housing, dining, housekeeping, transportation, wellness programs and social activities. Assisted living offerings also provide help with daily activities and personal care, while memory care programs are designed to support residents living with Alzheimer’s disease and other forms of dementia.

Sonida serves residents across multiple U.S.