Cantor Fitzgerald Forecasts Strong Price Appreciation for Sonida Senior Living (NYSE:SNDA) Stock

Key Points

• Cantor Fitzgerald raised Sonida Senior Living’s price target from $42 to $47 and maintained an “overweight” rating, implying 13.09% upside. Analysts’ consensus rating is “Moderate Buy,” with an average target of $47.50.
• SNDA shares opened at $41.56, near their 52-week high of $44.38, but the company reported a quarterly EPS loss of $0.52, missing expectations by $0.43, on revenue of $207.65 million.
• Institutional investors own 87.55% of the stock, while insiders own 39.3%; a company director recently sold 2,500 shares worth approximately $93,650.

Sonida Senior Living (NYSE:SNDA - Get Free Report) had its price objective raised by equities researchers at Cantor Fitzgerald from $42.00 to $47.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 13.09% from the company's current price.

A number of other equities analysts also recently commented on SNDA. Compass Point initiated coverage on Sonida Senior Living in a report on Tuesday. They issued a "buy" rating and a $65.00 price objective on the stock. Royal Bank Of Canada boosted their target price on Sonida Senior Living from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Citizens Jmp started coverage on shares of Sonida Senior Living in a research report on Monday, July 27th. They set an "outperform" rating and a $50.00 target price for the company. Citigroup initiated coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued a "market outperform" rating on the stock. Finally, Weiss Ratings raised shares of Sonida Senior Living from a "sell (d-)" rating to a "sell (d)" rating in a research report on Wednesday, July 29th. Five equities research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Sonida Senior Living Stock Up 3.1%

Shares of SNDA opened at $41.56 on Tuesday. Sonida Senior Living has a fifty-two week low of $23.98 and a fifty-two week high of $44.38. The company has a fifty day moving average of $38.76. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -7.13 and a beta of 0.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The firm had revenue of $207.65 million for the quarter. During the same period last year, the firm posted ($0.16) EPS. As a group, equities research analysts anticipate that Sonida Senior Living will post -1.72 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. Harris sold 2,500 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the transaction, the director owned 9,182 shares in the company, valued at $343,957.72. The trade was a 21.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC purchased a new stake in Sonida Senior Living during the 1st quarter worth approximately $45,000. Main Street Group LTD acquired a new stake in shares of Sonida Senior Living during the first quarter worth approximately $50,000. First Pacific Financial acquired a new stake in shares of Sonida Senior Living during the first quarter worth approximately $56,000. Darwin Wealth Management LLC bought a new stake in shares of Sonida Senior Living in the first quarter worth $63,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Sonida Senior Living in the first quarter worth $64,000. Institutional investors and hedge funds own 87.55% of the company's stock.

Sonida Senior Living Company Profile

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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