Sonida Senior Living, Inc. (NYSE:SNDA) Stock Has Average Target Price of $48.67 According to Analysts

Shares of Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) have received a consensus rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $48.67.

Several research firms recently issued reports on SNDA. Compass Point assumed coverage on Sonida Senior Living in a research note on Tuesday, August 11th. They issued a "buy" rating and a $65.00 target price on the stock. Robert W. Baird raised Sonida Senior Living from a "neutral" rating to an "outperform" rating and upped their price target for the company from $37.00 to $43.00 in a research report on Thursday, September 3rd. Zacks Research cut Sonida Senior Living from a "hold" rating to a "strong sell" rating in a report on Monday, October 12th. Citigroup began coverage on Sonida Senior Living in a research report on Monday, July 27th. They issued a "market outperform" rating on the stock. Finally, 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 report on Tuesday, September 1st.

Sonida Senior Living Trading Up 1.5%

NYSE:SNDA opened at $33.27 on Tuesday. The company has a fifty day moving average of $36.50 and a 200 day moving average of $37.18. Sonida Senior Living has a 52 week low of $29.66 and a 52 week high of $44.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $1.60 billion, a P/E ratio of -6.22 and a beta of 0.88.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.72) EPS 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 23.27% and a negative return on equity of 25.53%. On average, research analysts predict that Sonida Senior Living will post -3.21 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Benjamin Harris sold 6,269 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $39.79, for a total value of $249,443.51. Following the completion of the sale, the director owned 10,037 shares of the company's stock, valued at $399,372.23. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Simanovsky sold 115,000 shares of Sonida Senior Living 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 owned 254,447 shares in the company, valued at approximately $10,358,537.37. This trade represents a 31.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 275,343 shares of company stock valued at $10,895,485. 39.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sonida Senior Living

Hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in Sonida Senior Living in the second quarter worth about $27,000. Allworth Financial LP purchased a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $43,000. First Bancorp Inc ME purchased a new position in shares of Sonida Senior Living during the 2nd quarter worth approximately $50,000. Provenance Wealth Advisors LLC bought a new position in shares of Sonida Senior Living in the 3rd quarter worth approximately $57,000. Finally, Main Street Group LTD bought a new position in shares of Sonida Senior Living in the 1st quarter worth approximately $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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