Sonida Senior Living, Inc. (NYSE:SNDA) Stock Has Consensus Target Price of $48.67

Shares of Sonida Senior Living, Inc. (NYSE:SNDA) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $48.67.

Several research analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Sonida Senior Living in a research note on Monday, July 27th. They issued a “market outperform” rating for the company. Robert W. Baird raised shares of Sonida Senior Living from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $37.00 to $43.00 in a research note on Thursday, September 3rd. Compass Point started coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They set a “buy” rating and a $65.00 price objective on the stock. Citizens Jmp cut their price objective on shares of Sonida Senior Living from $50.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald raised their target price on shares of Sonida Senior Living from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th.

Sonida Senior Living Stock Performance

Shares of Sonida Senior Living stock opened at $33.27 on Tuesday. 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 $1.60 billion, a P/E ratio of -6.22 and a beta of 0.88. The business has a fifty day simple moving average of $36.50 and a two-hundred day simple moving average of $37.18. Sonida Senior Living has a 12 month low of $29.66 and a 12 month high of $44.38.

Sonida Senior Living (NYSE:SNDA) last announced its earnings results on Thursday, November 5th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.20). The business had revenue of $210.19 million for the quarter. Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. On average, equities analysts forecast that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Simanovsky sold 97,581 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total value of $3,749,062.02. Following the completion of the sale, the director owned 100,373 shares in the company, valued at $3,856,330.66. The trade was a 49.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 275,343 shares of company stock worth $10,895,485. Insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Several hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in shares of Sonida Senior Living in the second quarter worth $27,000. Allworth Financial LP bought a new position in shares of Sonida Senior Living during the second quarter valued at $43,000. First Bancorp Inc ME bought a new position in shares of Sonida Senior Living during the second quarter valued at $50,000. Provenance Wealth Advisors LLC purchased a new position in shares of Sonida Senior Living in the 3rd quarter worth about $57,000. Finally, Main Street Group LTD purchased a new position in shares of Sonida Senior Living in the 1st quarter worth about $50,000. 87.55% of the stock is owned by institutional investors.

About Sonida Senior Living

Sonida Senior Living is a U.S.-based owner and operator of senior living communities. Its communities offer independent living, assisted living and memory care, serving older adults with different levels of daily support.

Services vary by community and may include meals, housekeeping, social and wellness programs, personal assistance and specialized support for residents with memory-related conditions.

The company was formerly known as Capital Senior Living and adopted the Sonida Senior Living name in 2021.