Sonida Senior Living (NYSE:SNDA) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Sonida Senior Living shares moved above their 50-day moving average of $36.82, reaching $37.29 before last trading at $37.066 on volume of 675,007 shares.
• Analyst views are mixed: six rate the stock Buy, one Hold, and two Sell, resulting in a consensus Hold rating and an average price target of $49.50.
• The company reported quarterly EPS of -$0.52, missing the -$0.09 consensus estimate; insiders also sold 275,343 shares worth about $10.9 million over the prior quarter.

Sonida Senior Living, Inc. (NYSE:SNDA - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $36.82 and traded as high as $37.29. Sonida Senior Living shares last traded at $37.0660, with a volume of 675,007 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SNDA shares. Wall Street Zen raised Sonida Senior Living from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Compass Point assumed coverage on Sonida Senior Living in a research report on Tuesday, August 11th. They set a "buy" rating and a $65.00 price objective on the stock. Citizens Jmp assumed coverage on shares of Sonida Senior Living in a report on Monday, July 27th. They issued an "outperform" rating and a $50.00 target price for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Sonida Senior Living in a research note on Tuesday, October 27th. Finally, Cantor Fitzgerald boosted their price objective on Sonida Senior Living from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $49.50.

Sonida Senior Living Stock Performance

The company has a market cap of $1.78 billion, a PE ratio of -5.99 and a beta of 0.88. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $36.82 and a two-hundred day simple moving average of $37.25.

Sonida Senior Living (NYSE:SNDA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $207.65 million for the quarter. During the same period in the prior year, the business earned ($0.16) EPS. Research analysts anticipate that Sonida Senior Living, Inc. will post -3.21 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other news, Director Michael Simanovsky sold 115,000 shares of the firm's stock in a transaction dated 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 sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin P. Harris sold 6,269 shares of Sonida Senior Living stock in a transaction that occurred 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 transaction, the director directly owned 10,037 shares in the company, valued at approximately $399,372.23. The trade was a 38.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 275,343 shares of company stock valued at $10,895,485 over the last quarter. 39.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Conversant Capital LLC lifted its stake in shares of Sonida Senior Living by 57.7% during the first quarter. Conversant Capital LLC now owns 14,605,874 shares of the company's stock worth $471,039,000 after buying an additional 5,341,221 shares during the period. BlackRock Inc. purchased a new stake in shares of Sonida Senior Living during the second quarter valued at $90,515,000. Irenic Capital Management LP increased its position in shares of Sonida Senior Living by 56.1% in the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company's stock valued at $77,668,000 after acquiring an additional 683,874 shares during the period. Adelante Capital Management LLC increased its position in shares of Sonida Senior Living by 75.5% in the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company's stock valued at $15,637,000 after acquiring an additional 234,109 shares during the period. Finally, J. Goldman & Co LP acquired a new position in shares of Sonida Senior Living in the 2nd quarter valued at $16,321,000. Institutional investors own 87.55% of the company's stock.

About Sonida Senior Living

Sonida Senior Living Corporation NYSE: SNDA is a senior housing company that owns, operates and manages communities serving older adults in the United States. Its properties are designed to provide residential services and support for seniors with varying care needs.

The company offers independent living, assisted living and memory care services. Its communities generally provide housing, dining, housekeeping, transportation, wellness programs, social activities and personal care assistance, with memory care programs tailored to residents living with Alzheimer's disease and other forms of dementia.

Sonida Senior Living was formerly known as Capital Senior Living Corporation and adopted its current name in 2024.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.