Sonida Senior Living, Inc. (NYSE:SNDA) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate Sonida Senior Living “Hold” overall: six recommend buying, one recommends holding and two recommend selling. The average 12-month price target is $49.50 versus the stock’s recent $35.98 price.
• Quarterly results fell short of expectations: Sonida reported a loss of $0.52 per share, missing the $0.09 consensus estimate, on revenue of $207.65 million. Analysts expect a full-year loss of approximately $3.21 per share.
• Insiders have been selling shares: Directors sold a combined 275,343 shares worth about $10.9 million over the past three months, while insiders retain 39.3% ownership of the company.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report) has been given a consensus rating of "Hold" by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.50.

Several brokerages have recently commented on SNDA. Wall Street Zen raised Sonida Senior Living from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Zacks Research downgraded Sonida Senior Living from a "hold" rating to a "strong sell" rating in a research report on Monday. Cantor Fitzgerald lifted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Robert W. Baird set a $43.00 price target on Sonida Senior Living and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Finally, Citizens Jmp started coverage on Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 price objective for the company.

Sonida Senior Living Price Performance

Sonida Senior Living stock opened at $35.98 on Friday. Sonida Senior Living has a 52 week low of $24.94 and a 52 week high of $44.38. The business has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $37.54. 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 stock has a market cap of $1.73 billion, a price-to-earnings ratio of -5.81 and a beta of 0.74.

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

Insider Transactions at Sonida Senior Living

In related news, Director Benjamin Harris sold 6,269 shares of the business's stock in a transaction that occurred 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 in the company, valued at $399,372.23. The trade was a 38.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Simanovsky sold 115,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $40.71, for a total value 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 represents a 31.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 275,343 shares of company stock worth $10,895,485. 39.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sonida Senior Living

A number of hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC purchased a new stake in shares of Sonida Senior Living in the 2nd quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Sonida Senior Living during the 2nd quarter valued at $43,000. Capital Advisors Ltd. LLC purchased a new position in Sonida Senior Living in the 1st quarter worth $45,000. Main Street Group LTD purchased a new position in Sonida Senior Living in the 1st quarter worth $50,000. Finally, First Bancorp Inc ME purchased a new position in Sonida Senior Living in the 2nd quarter worth $50,000. 87.55% of the stock is currently owned by institutional investors.

About Sonida Senior Living

Sonida Senior Living NYSE: SNDA is a senior living company that owns, operates and manages communities serving older adults across the United States. Its communities provide residential care and support designed to promote independence, safety and quality of life for seniors.

The company offers a range of services, including independent living, assisted living and memory care. Services may include dining, housekeeping, transportation, wellness programs, social activities and assistance with daily living, with care tailored to residents' individual needs.

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