Insider Selling: Sonida Senior Living (NYSE:SNDA) Director Sells 2,500 Shares of Stock

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin 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 transaction of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares in the company, valued at $343,957.72. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sonida Senior Living Stock Down 1.8%

Sonida Senior Living stock traded down $0.62 on Monday, hitting $34.43. The company’s stock had a trading volume of 606,442 shares, compared to its average volume of 604,909. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -5.91 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.58. The firm has a fifty day simple moving average of $35.49. Sonida Senior Living, Inc. has a one year low of $23.66 and a one year high of $39.66.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. The business had revenue of $122.63 million during the quarter. Analysts anticipate that Sonida Senior Living, Inc. will post -1.72 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Morgan Stanley boosted their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Sonida Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. Robert W. Baird boosted their target price on shares of Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Cantor Fitzgerald upped their price target on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sonida Senior Living currently has a consensus rating of “Hold” and an average price target of $40.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC acquired a new position in Sonida Senior Living during the 1st quarter worth about $45,000. Main Street Group LTD bought a new stake in Sonida Senior Living during the 1st quarter worth about $50,000. First Pacific Financial bought a new stake in Sonida Senior Living during the 1st quarter worth about $56,000. Darwin Wealth Management LLC bought a new stake in Sonida Senior Living during the 1st quarter worth about $63,000. Finally, Sunbelt Securities Inc. bought a new stake in Sonida Senior Living during the 1st quarter worth about $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.