Sonida Senior Living (NYSE:SNDA) Rating Increased to Strong-Buy at Robert W. Baird

Key Points

• Robert W. Baird upgraded Sonida Senior Living from “hold” to “strong buy.” Overall, analysts rate the stock “Moderate Buy,” with an average price target of $49.50.
• Sonida opened at $37.72 and trades within a 52-week range of $24.94 to $44.38. The company reported a quarterly loss of $0.52 per share, substantially missing the consensus estimate of a $0.09 loss.
• Insiders sold 275,343 shares worth approximately $10.9 million over the past three months, while institutional investors own 87.55% of the company.

Sonida Senior Living (NYSE:SNDA - Get Free Report) was upgraded by analysts at Robert W. Baird from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday, Zacks reports.

SNDA has been the subject of a number of other research reports. Citigroup assumed coverage on Sonida Senior Living in a report on Monday, July 27th. They set a "market outperform" rating for the company. Wall Street Zen upgraded Sonida Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley lifted their price target on Sonida Senior Living from $38.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday. Cantor Fitzgerald boosted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Finally, Citizens Jmp began coverage on Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.50.

Sonida Senior Living Stock Performance

NYSE SNDA opened at $37.72 on Thursday. The firm has a market cap of $1.81 billion, a PE ratio of -6.09 and a beta of 0.74. 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 business's 50-day moving average is $40.05. Sonida Senior Living has a 52-week low of $24.94 and a 52-week high of $44.38.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.43). The company had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same quarter in the prior year, the business posted ($0.16) EPS. As a group, analysts predict that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insider Transactions at Sonida Senior Living

In other news, Director Michael Simanovsky sold 97,581 shares of the firm's 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 transaction, the director directly owned 100,373 shares of the company's stock, valued at approximately $3,856,330.66. This trade represents a 49.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $249,443.51. Following the completion of the sale, the director owned 10,037 shares of the company's stock, valued at approximately $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 275,343 shares of company stock valued at $10,895,485 in the last three months. Insiders own 39.30% of the company's stock.

Hedge Funds Weigh In On Sonida Senior Living

A number of hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC acquired a new position in Sonida Senior Living in the 2nd quarter valued at $27,000. Allworth Financial LP acquired a new stake in shares of Sonida Senior Living during the 2nd quarter worth $43,000. Capital Advisors Ltd. LLC acquired a new stake in shares of Sonida Senior Living during the 1st quarter worth $45,000. Main Street Group LTD acquired a new stake in shares of Sonida Senior Living during the 1st quarter worth $50,000. Finally, First Bancorp Inc ME bought a new position in shares of Sonida Senior Living in the second quarter worth $50,000. Institutional investors own 87.55% of the company's stock.

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.

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