Sonida Senior Living (NYSE:SNDA) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Sonida Senior Living, Inc. (NYSE:SNDA) 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 changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research cut shares of Sonida Senior Living from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Morgan Stanley lifted their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings restated a “sell (d)” rating on shares of Sonida Senior Living in a research note on Tuesday, October 27th. Robert W. Baird raised Sonida Senior Living from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $43.00 in a report on Thursday, September 3rd. Finally, Cantor Fitzgerald lifted their price target on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Sonida Senior Living Stock Performance

The company has a market cap of $1.78 billion, a price-to-earnings ratio of -5.99 and a beta of 0.88. The firm’s 50 day simple moving average is $36.82 and its 200-day simple moving average is $37.25. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.88 and a current ratio of 0.88.

Sonida Senior Living (NYSE:SNDA) last issued its earnings results on Monday, August 10th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). The business had revenue of $207.65 million during the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. During the same period last year, the business earned ($0.16) EPS. On average, sell-side analysts predict that Sonida Senior Living, Inc. will post -3.21 EPS for the current year.

Insider Buying and Selling at Sonida Senior Living

In other Sonida Senior Living news, Director Michael Simanovsky sold 97,581 shares of Sonida Senior Living stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the transaction, the director directly owned 100,373 shares of the company’s stock, valued at $3,856,330.66. The trade was a 49.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the transaction, the director owned 10,037 shares in the company, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 275,343 shares of company stock valued at $10,895,485. 39.30% of the stock is owned by company insiders.

Institutional Trading of Sonida Senior Living

Hedge funds and other institutional investors have recently made changes to their positions in the company. Conversant Capital LLC raised its position in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after buying an additional 5,341,221 shares during the period. BlackRock Inc. purchased a new position in Sonida Senior Living in the second quarter worth approximately $90,515,000. Irenic Capital Management LP increased its stake in Sonida Senior Living by 56.1% during the second quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock worth $77,668,000 after acquiring an additional 683,874 shares during the last quarter. J. Goldman & Co LP acquired a new stake in Sonida Senior Living during the second quarter worth $16,321,000. Finally, Adelante Capital Management LLC raised its position in Sonida Senior Living by 75.5% in the second quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock valued at $15,637,000 after purchasing an additional 234,109 shares during the period. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sonida Senior Living Company Profile

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.