Sonida Senior Living (NYSE:SNDA) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered its price target on Sonida Senior Living from $48 to $43 but maintained an “outperform” rating, implying about 28% upside from the stock’s quoted price.
• Analyst views are mixed: the consensus rating is “Hold,” with an average price target of $47.83; six analysts rate the stock Buy, one Hold, and two Sell.
• Sonida reported a quarterly loss of $0.72 per share, missing estimates of a $0.52 loss. Insiders also sold about 275,000 shares over the past 90 days.

Sonida Senior Living (NYSE:SNDA - Get Free Report) had its price objective decreased by equities researchers at Royal Bank Of Canada from $48.00 to $43.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 28.28% from the stock's current price.

A number of other research analysts have also weighed in on SNDA. Wall Street Zen raised shares of Sonida Senior Living from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup initiated coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. Cantor Fitzgerald raised their price target 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. Morgan Stanley lifted their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st. Finally, Compass Point started coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They set a "buy" rating and a $65.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.83.

Sonida Senior Living Stock Performance

Shares of NYSE:SNDA traded down $0.22 during trading on Wednesday, reaching $33.52. The stock had a trading volume of 20,917 shares, compared to its average volume of 492,838. The stock has a fifty day simple moving average of $36.43 and a two-hundred day simple moving average of $37.16. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 1.84. Sonida Senior Living has a 52 week low of $29.66 and a 52 week high of $44.38. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -6.27 and a beta of 0.88.

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

Insiders Place Their Bets

In other Sonida Senior Living news, Director Benjamin P. Harris sold 6,269 shares of the stock in a transaction 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 completion of the sale, the director directly owned 10,037 shares of the company's stock, valued at $399,372.23. This represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Simanovsky sold 115,000 shares of the stock in a transaction on 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 sale, the director directly owned 254,447 shares of the company's stock, valued at approximately $10,358,537.37. This trade represents a 31.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 275,343 shares of company stock worth $10,895,485 in the last ninety days. 39.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. grew its position in Sonida Senior Living by 18.7% during the third quarter. Landscape Capital Management L.L.C. now owns 7,913 shares of the company's stock worth $297,000 after buying an additional 1,246 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Sonida Senior Living by 333.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 498,744 shares of the company's stock valued at $18,743,000 after acquiring an additional 383,744 shares in the last quarter. Norwood Investment Partners LP raised its holdings in Sonida Senior Living by 115.6% in the 3rd quarter. Norwood Investment Partners LP now owns 75,000 shares of the company's stock valued at $2,818,000 after acquiring an additional 40,215 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Sonida Senior Living in the 3rd quarter worth approximately $3,217,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Sonida Senior Living by 566.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 41,342 shares of the company's stock worth $1,554,000 after acquiring an additional 35,141 shares during the period. Institutional investors and hedge funds own 87.55% of the company's stock.

Sonida Senior Living Company Profile

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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