Sonida Senior Living (NYSE:SNDA) Reaches New 12-Month High – Should You Buy?

Sonida Senior Living, Inc. (NYSE:SNDA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.71 and last traded at $41.1560, with a volume of 145939 shares changing hands. The stock had previously closed at $39.67.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNDA. Wall Street Zen lowered shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Robert W. Baird upped their target price on Sonida Senior Living from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Cantor Fitzgerald increased their price target on Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley raised their price target on Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.25.

Sonida Senior Living Price Performance

The company’s fifty day moving average is $36.53. 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 company has a market cap of $1.98 billion, a price-to-earnings ratio of -7.16 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last posted its quarterly earnings data on Monday, May 11th. 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 24.15% and a negative return on equity of 36.98%. The company had revenue of $122.63 million for the quarter. Analysts expect that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

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

Institutional Trading of Sonida Senior Living

Institutional investors have recently modified their holdings of the company. Brookstone Capital Management bought a new position in Sonida Senior Living during the first quarter valued at about $258,000. Capital Advisors Ltd. LLC bought a new stake in Sonida Senior Living in the first quarter worth about $45,000. Ocean Park Asset Management LLC bought a new stake in Sonida Senior Living in the first quarter worth about $337,000. RFG Advisory LLC acquired a new stake in Sonida Senior Living in the 1st quarter valued at about $279,000. Finally, Ritholtz Wealth Management acquired a new stake in Sonida Senior Living in the 1st quarter valued at about $545,000. Institutional investors and hedge funds 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.