Sonida Senior Living (NYSE:SNDA) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Sonida Senior Living (NYSE:SNDA) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other research firms have also issued reports on SNDA. Citizens Jmp began coverage on Sonida Senior Living in a research note on Monday, July 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Cantor Fitzgerald boosted their target price on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Citigroup started coverage on Sonida Senior Living in a report on Monday, July 27th. They set a “market outperform” rating on the stock. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, Robert W. Baird raised their price target on Sonida Senior Living from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Trading Up 0.3%

Shares of NYSE SNDA opened at $40.27 on Friday. The firm’s 50-day simple moving average is $38.25. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $1.91 billion, a PE ratio of -6.91 and a beta of 0.75. Sonida Senior Living has a 12-month low of $23.78 and a 12-month high of $44.38.

Sonida Senior Living (NYSE:SNDA) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.39) EPS for the quarter, missing the consensus estimate of ($1.67) by ($0.72). Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%.The company had revenue of $122.63 million during the quarter. On average, equities analysts predict that Sonida Senior Living will post -1.72 EPS for the current fiscal year.

Insider Activity

In other news, Director Benjamin P. Harris sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total transaction of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Family Wealth Partners LLC boosted its position in Sonida Senior Living by 7.6% in the 2nd quarter. Family Wealth Partners LLC now owns 11,247 shares of the company’s stock valued at $459,000 after buying an additional 793 shares during the period. Finivi Inc. bought a new stake in shares of Sonida Senior Living during the second quarter valued at approximately $873,000. FNY Investment Advisers LLC raised its stake in shares of Sonida Senior Living by 28.6% during the second quarter. FNY Investment Advisers LLC now owns 4,500 shares of the company’s stock valued at $183,000 after acquiring an additional 1,000 shares in the last quarter. Financial Enhancement Group LLC bought a new stake in shares of Sonida Senior Living during the second quarter valued at approximately $1,006,000. Finally, Ballast Advisors LLC purchased a new stake in shares of Sonida Senior Living in the first quarter valued at approximately $93,000. Institutional investors own 87.55% of the company’s stock.

Sonida Senior Living Company Profile

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.