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

Sonida Senior Living, Inc. (NYSE:SNDA) has been given a consensus rating of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.50.

SNDA has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Zacks Research downgraded shares of Sonida Senior Living from a “hold” rating to a “strong sell” rating in a research note on Monday. Citizens Jmp started coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They set an “outperform” rating and a $50.00 price target for the company. Compass Point began coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 price target for the company. Finally, Cantor Fitzgerald increased their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th.

Sonida Senior Living Trading Up 0.5%

Shares of SNDA stock opened at $35.98 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of -5.81 and a beta of 0.74. Sonida Senior Living has a 1-year low of $24.94 and a 1-year high of $44.38. The business has a 50-day moving average of $38.36 and a 200 day moving average of $37.54. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.43). The company had revenue of $207.65 million for the quarter. Sonida Senior Living had a negative return on equity of 25.53% and a negative net margin of 23.27%. During the same quarter last year, the firm posted ($0.16) EPS. As a group, sell-side analysts anticipate that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other news, Director Michael Simanovsky sold 115,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total transaction of $4,681,650.00. Following the completion of the transaction, the director directly owned 254,447 shares of the company’s stock, valued at approximately $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Harris sold 6,269 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the transaction, the director directly owned 10,037 shares of the company’s stock, valued at approximately $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 275,343 shares of company stock worth $10,895,485 in the last 90 days. Corporate insiders own 39.30% of the company’s stock.

Hedge Funds Weigh In On Sonida Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its holdings in Sonida Senior Living by 112.0% in the third quarter. State of Alaska Department of Revenue now owns 2,154 shares of the company’s stock valued at $80,000 after acquiring an additional 1,138 shares in the last quarter. Financial Enhancement Group LLC boosted its stake in shares of Sonida Senior Living by 6.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 26,238 shares of the company’s stock valued at $950,000 after purchasing an additional 1,580 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Sonida Senior Living by 398.4% in the third quarter. Farther Finance Advisors LLC now owns 6,430 shares of the company’s stock worth $242,000 after purchasing an additional 5,140 shares during the period. RFG Advisory LLC grew its holdings in Sonida Senior Living by 83.6% in the second quarter. RFG Advisory LLC now owns 15,902 shares of the company’s stock worth $649,000 after purchasing an additional 7,243 shares during the period. Finally, 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 valued at $77,668,000 after buying an additional 683,874 shares during the last quarter. Institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Company Profile

Sonida Senior Living (NYSE:SNDA) is a senior living company that owns, operates and manages communities serving older adults across the United States. Its communities provide residential care and support designed to promote independence, safety and quality of life for seniors.

The company offers a range of services, including independent living, assisted living and memory care. Services may include dining, housekeeping, transportation, wellness programs, social activities and assistance with daily living, with care tailored to residents’ individual needs.