Sonida Senior Living (NYSE:SNDA) Price Target Cut to $45.00 by Analysts at Citizens Jmp

Sonida Senior Living (NYSE:SNDA – Get Free Report) had its price target lowered by equities research analysts at Citizens Jmp from $50.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp‘s price target suggests a potential upside of 37.80% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Sonida Senior Living from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Cantor Fitzgerald increased their price target on shares of Sonida Senior Living from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research downgraded Sonida Senior Living from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Compass Point started coverage on Sonida Senior Living in a report on Tuesday, August 11th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Sonida Senior Living from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.67.

Check Out Our Latest Stock Analysis on Sonida Senior Living

Sonida Senior Living Stock Down 4.1%

Shares of NYSE:SNDA traded down $1.41 during midday trading on Friday, reaching $32.66. The company had a trading volume of 276,651 shares, compared to its average volume of 490,254. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s fifty day moving average price is $36.71 and its 200-day moving average price is $37.23. The stock has a market capitalization of $1.57 billion, a P/E ratio of -5.29 and a beta of 0.88. Sonida Senior Living has a one year low of $29.66 and a one year high of $44.38.

Sonida Senior Living (NYSE:SNDA – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.20). Sonida Senior Living had a negative net margin of 23.27% and a negative return on equity of 25.53%. The company had revenue of $210.19 million during the quarter. Equities research analysts expect that Sonida Senior Living will post -3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin Harris sold 6,269 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.79, for a total transaction of $249,443.51. Following the completion of the sale, the director owned 10,037 shares in the company, valued at $399,372.23. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 275,343 shares of company stock valued at $10,895,485. 39.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Sonida Senior Living

Several institutional investors and hedge funds have recently bought and sold shares of SNDA. Norwood Investment Partners LP bought a new position in Sonida Senior Living in the second quarter worth about $1,419,228. Irenic Capital Management LP boosted its stake in Sonida Senior Living by 56.1% in the second 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 during the period. Royal Bank of Canada grew its holdings in shares of Sonida Senior Living by 3,450.0% during the first quarter. Royal Bank of Canada now owns 27,051 shares of the company’s stock valued at $873,000 after purchasing an additional 26,289 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Sonida Senior Living during the second quarter valued at approximately $4,896,000. Finally, Rush Island Management LP acquired a new stake in shares of Sonida Senior Living during the 1st quarter worth approximately $7,036,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

More Sonida Senior Living News

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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.

Further Reading

Analyst Recommendations for Sonida Senior Living (NYSE:SNDA)

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