Sonida Senior Living (NYSE:SNDA) Director Benjamin Harris Sells 2,500 Shares

Sonida Senior Living, Inc. (NYSE:SNDA) Director Benjamin Harris sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.46, for a total value of $93,650.00. Following the sale, the director directly owned 9,182 shares of the company’s stock, valued at $343,957.72. This represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sonida Senior Living Stock Performance

NYSE:SNDA traded down $0.62 on Monday, hitting $34.43. 606,442 shares of the stock were exchanged, compared to its average volume of 604,909. The firm has a market capitalization of $1.63 billion, a PE ratio of -5.91 and a beta of 0.78. Sonida Senior Living, Inc. has a 52 week low of $23.66 and a 52 week high of $39.66. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.58. The business has a 50-day moving average of $35.49.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing the consensus estimate of ($1.67) by ($0.72). The firm had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative return on equity of 36.98% and a negative net margin of 24.15%. As a group, equities research analysts predict that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Institutional Trading of Sonida Senior Living

A number of large investors have recently bought and sold shares of the business. Capital Advisors Ltd. LLC bought a new stake in Sonida Senior Living during the 1st quarter worth approximately $45,000. Main Street Group LTD acquired a new position in Sonida Senior Living during the 1st quarter worth approximately $50,000. First Pacific Financial acquired a new position in Sonida Senior Living during the 1st quarter worth approximately $56,000. Darwin Wealth Management LLC acquired a new position in Sonida Senior Living during the 1st quarter worth approximately $63,000. Finally, Sunbelt Securities Inc. acquired a new position in Sonida Senior Living during the 1st quarter worth approximately $64,000. 87.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SNDA shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Sonida Senior Living in a research note on Tuesday, May 12th. Morgan Stanley upped their price target on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Wall Street Zen cut Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Cantor Fitzgerald upped their price target on Sonida Senior Living from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird upped their price target on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.50.

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.