Sonida Senior Living (NYSE:SNDA) Shares Gap Down Following Weak Earnings

Sonida Senior Living, Inc. (NYSE:SNDA) shares gapped down prior to trading on Monday following a weaker than expected earnings announcement. The stock had previously closed at $38.27, but opened at $35.16. Sonida Senior Living shares last traded at $37.3090, with a volume of 62,183 shares changing hands.

The company reported ($2.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). Sonida Senior Living had a negative net margin of 18.57% and a negative return on equity of 150.51%. The firm had revenue of $122.63 million for the quarter.

Wall Street Analysts Forecast Growth

SNDA has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of Sonida Senior Living in a research report on Monday, April 13th. They issued an “overweight” rating and a $36.00 price target on the stock. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Morgan Stanley boosted their price target on shares of Sonida Senior Living from $28.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Weiss Ratings upgraded Sonida Senior Living from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 17th. Finally, Robert W. Baird lifted their price target on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sonida Senior Living has a consensus rating of “Hold” and a consensus target price of $35.75.

Hedge Funds Weigh In On Sonida Senior Living

Large investors have recently modified their holdings of the company. Capital Advisors Ltd. LLC purchased a new stake in shares of Sonida Senior Living in the first quarter worth $45,000. Main Street Group LTD purchased a new stake in shares of Sonida Senior Living in the first quarter worth $50,000. First Pacific Financial purchased a new stake in shares of Sonida Senior Living in the first quarter worth $56,000. Darwin Wealth Management LLC purchased a new stake in shares of Sonida Senior Living in the first quarter worth $63,000. Finally, NFSG Corp purchased a new stake in shares of Sonida Senior Living in the first quarter worth $68,000. 87.55% of the stock is currently owned by institutional investors.

Sonida Senior Living Price Performance

The company has a debt-to-equity ratio of 136.33, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $1.75 billion, a PE ratio of -8.78 and a beta of 0.82.

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.