Sonida Senior Living (NYSE:SNDA) Stock Bumped Up to "Hold" by Zacks Research

Key Points

• Zacks Research upgraded Sonida Senior Living from “strong sell” to “hold.” Across analysts, the stock has a “Moderate Buy” consensus rating and an average price target of $47.83.
• Sonida reported quarterly earnings per share of -$0.72, missing the consensus estimate of -$0.52; quarterly revenue was $210.19 million.
• Company insiders sold 275,343 shares worth about $10.9 million over the last quarter. Insiders own 39.3% of the company’s stock.

Sonida Senior Living (NYSE:SNDA - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Tuesday, Zacks reports.

Several other research analysts also recently weighed in on SNDA. Robert W. Baird upgraded shares of Sonida Senior Living from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $43.00 in a research report on Thursday, September 3rd. Cantor Fitzgerald boosted their price objective 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. Citigroup initiated coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set a "market outperform" rating for the company. Weiss Ratings restated a "sell (d)" rating on shares of Sonida Senior Living in a research note on Tuesday, October 27th. Finally, Morgan Stanley raised 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. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Sonida Senior Living has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Sonida Senior Living Price Performance

Shares of SNDA opened at $34.01 on Tuesday. The firm has a market cap of $1.67 billion, a PE ratio of -6.36 and a beta of 0.88. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $37.14. Sonida Senior Living has a 1-year low of $29.66 and a 1-year high of $44.38.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last released its quarterly earnings results 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 firm 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%. On average, equities analysts anticipate that Sonida Senior Living will post -3.21 EPS for the current year.

Insider Buying and Selling

In other Sonida Senior Living news, Director Michael Simanovsky sold 115,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $40.71, for a total value of $4,681,650.00. Following the completion of the transaction, the director directly owned 254,447 shares in the company, valued at $10,358,537.37. This represents a 31.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Benjamin Harris sold 6,269 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the sale, 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. Over the last quarter, insiders sold 275,343 shares of company stock valued at $10,895,485. Company insiders own 39.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new position in Sonida Senior Living in the 2nd quarter worth $27,000. Allworth Financial LP purchased a new stake in Sonida Senior Living in the 2nd quarter worth $43,000. First Bancorp Inc ME bought a new stake in Sonida Senior Living during the second quarter valued at about $50,000. Provenance Wealth Advisors LLC bought a new stake in Sonida Senior Living during the third quarter valued at about $57,000. Finally, Main Street Group LTD bought a new stake in Sonida Senior Living during the first quarter valued at about $50,000. Hedge funds and other institutional investors own 87.55% of the company's stock.

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.

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