Sonida Senior Living (NYSE:SNDA) Raised to Hold at Zacks Research

Sonida Senior Living (NYSE:SNDA) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sonida Senior Living in a research note on Tuesday, October 27th. Morgan Stanley lifted their price target on shares of Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Royal Bank Of Canada reduced their price target on shares of Sonida Senior Living from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Compass Point began coverage on shares of Sonida Senior Living in a research note on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.83.

Sonida Senior Living Stock Up 0.8%

NYSE SNDA opened at $34.01 on Tuesday. Sonida Senior Living has a 12 month low of $29.66 and a 12 month high of $44.38. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.67 billion, a PE ratio of -6.36 and a beta of 0.88. The stock’s 50 day moving average is $36.36 and its 200 day moving average is $37.14.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.20). Sonida Senior Living had a negative net margin of 20.34% and a negative return on equity of 17.94%. The company had revenue of $210.19 million for the quarter. Research analysts predict that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Sonida Senior Living news, Director Benjamin Harris sold 6,269 shares of Sonida Senior Living 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 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 transaction was disclosed in a legal filing 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 sale, the director directly owned 100,373 shares in the company, valued at $3,856,330.66. This trade represents a 49.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 275,343 shares of company stock worth $10,895,485. Corporate insiders own 39.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SNDA. Compass Financial Management LLC bought a new stake in Sonida Senior Living in the second quarter worth $27,000. Allworth Financial LP purchased a new stake in Sonida Senior Living during the second quarter valued at $43,000. Main Street Group LTD bought a new position in Sonida Senior Living during the first quarter valued at $50,000. First Bancorp Inc ME bought a new position in Sonida Senior Living during the second quarter valued at $50,000. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of Sonida Senior Living in the 3rd quarter worth $57,000. 87.55% of the stock is owned by hedge funds and other 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.