Sonida Senior Living, Inc. (NYSE:SNDA) Given Average Recommendation of “Moderate Buy” by Brokerages

Sonida Senior Living, Inc. (NYSE:SNDA) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $47.50.

Several equities research analysts have recently commented on the company. Cantor Fitzgerald lifted their target price on Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Citigroup assumed coverage on Sonida Senior Living in a research note on Monday, July 27th. They set a “market outperform” rating on the stock. Morgan Stanley lifted their price objective on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, June 29th.

Insider Buying and Selling at Sonida Senior Living

In related news, Director Benjamin P. Harris sold 6,269 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 10,037 shares of the company’s stock, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 39.30% of the stock is currently owned by company insiders.

Institutional Trading of Sonida Senior Living

A number of institutional investors have recently bought and sold shares of SNDA. Compass Financial Management LLC bought a new stake in shares of Sonida Senior Living during the 2nd quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Sonida Senior Living in the 2nd quarter worth $43,000. Capital Advisors Ltd. LLC bought a new position in shares of Sonida Senior Living in the 1st quarter worth $45,000. Main Street Group LTD acquired a new stake in shares of Sonida Senior Living during the first quarter worth $50,000. Finally, First Bancorp Inc ME acquired a new stake in shares of Sonida Senior Living during the second quarter worth $50,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Sonida Senior Living Price Performance

Shares of Sonida Senior Living stock opened at $39.75 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -6.42 and a beta of 0.80. The firm has a 50 day moving average of $39.98. Sonida Senior Living has a fifty-two week low of $24.94 and a fifty-two week high of $44.38.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $207.65 million for the quarter. During the same quarter last year, the company posted ($0.16) earnings per share. On average, sell-side analysts expect that Sonida Senior Living will post -1.72 EPS for the current year.

About Sonida Senior Living

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.