Sonida Senior Living, Inc. (SNDA) – What Are Researchers Thinking About This Stock?

by · The Markets Daily

Shares of Sonida Senior Living, Inc. (NYSE:SNDA – Get Free Report) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.50.

A number of analysts recently commented on SNDA shares. Zacks Research downgraded shares of Sonida Senior Living from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Robert W. Baird set a $43.00 target price on shares of Sonida Senior Living and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Compass Point assumed coverage on shares of Sonida Senior Living in a report on Tuesday, August 11th. They set a “buy” rating and a $65.00 target price for the company. Cantor Fitzgerald raised their target price on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 29th.

Get Our Latest Stock Report on SNDA

Sonida Senior Living Price Performance

Shares of Sonida Senior Living stock opened at $34.42 on Friday. 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 company’s 50-day moving average price is $38.01 and its two-hundred day moving average price is $37.60. Sonida Senior Living has a 52 week low of $24.94 and a 52 week high of $44.38. The stock has a market cap of $1.65 billion, a PE ratio of -5.56 and a beta of 0.74.

Sonida Senior Living (NYSE:SNDA – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.43). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The business had revenue of $207.65 million during the quarter. During the same period last year, the firm earned ($0.16) earnings per share. As a group, sell-side analysts anticipate that Sonida Senior Living will post -3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Simanovsky sold 97,581 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $38.42, for a total transaction of $3,749,062.02. Following the completion of the sale, the director owned 100,373 shares in the company, valued at approximately $3,856,330.66. This represents a 49.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Harris sold 6,269 shares of the firm’s stock in a transaction 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 approximately $399,372.23. This represents a 38.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 275,343 shares of company stock valued at $10,895,485 in the last quarter. Insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Institutional investors and hedge funds have recently modified their holdings of the stock. Conversant Capital LLC increased its holdings in shares of Sonida Senior Living by 57.7% during the 1st quarter. Conversant Capital LLC now owns 14,605,874 shares of the company’s stock valued at $471,039,000 after acquiring an additional 5,341,221 shares during the last quarter. BlackRock Inc. bought a new position in shares of Sonida Senior Living in the 2nd quarter valued at approximately $90,515,000. Irenic Capital Management LP raised its stake in shares of Sonida Senior Living by 56.1% in the 2nd quarter. Irenic Capital Management LP now owns 1,903,621 shares of the company’s stock valued at $77,668,000 after acquiring an additional 683,874 shares in the last quarter. Adelante Capital Management LLC raised its stake in shares of Sonida Senior Living by 75.5% in the 2nd quarter. Adelante Capital Management LLC now owns 544,072 shares of the company’s stock valued at $15,637,000 after acquiring an additional 234,109 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new stake in Sonida Senior Living in the 2nd quarter worth approximately $16,321,000. 87.55% of the stock is owned by institutional investors and hedge funds.

About Sonida Senior Living

(Get Free Report)

Sonida Senior Living Corporation (NYSE: SNDA) is a senior housing company that owns, operates and manages communities serving older adults in the United States. Its properties are designed to provide residential services and support for seniors with varying care needs.

The company offers independent living, assisted living and memory care services. Its communities generally provide housing, dining, housekeeping, transportation, wellness programs, social activities and personal care assistance, with memory care programs tailored to residents living with Alzheimer’s disease and other forms of dementia.

Sonida Senior Living was formerly known as Capital Senior Living Corporation and adopted its current name in 2024.

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