Sonida Senior Living (NYSE:SNDA) Now Covered by Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of Sonida Senior Living (NYSE:SNDA) in a research note published on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $50.00 target price on the stock.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada raised their target price on shares of Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Cantor Fitzgerald increased their price objective on shares of 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 shares of Sonida Senior Living in a research note on Monday. They issued a “market outperform” rating for the company. Finally, Morgan Stanley boosted their target price on shares of Sonida Senior Living from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.00.

Sonida Senior Living Trading Up 3.0%

Shares of SNDA stock opened at $42.95 on Monday. Sonida Senior Living has a 12-month low of $23.78 and a 12-month high of $44.39. 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 stock has a 50-day moving average price of $37.92. The company has a market capitalization of $2.03 billion, a PE ratio of -7.37 and a beta of 0.75.

Sonida Senior Living (NYSE:SNDA) last posted its earnings results 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 return on equity of 36.98% and a negative net margin of 24.15%.The firm had revenue of $122.63 million during the quarter. As a group, research analysts predict that Sonida Senior Living will post -1.72 EPS for the current fiscal year.

Insider Activity at Sonida Senior Living

In other news, Director Benjamin P. Harris sold 2,500 shares of the business’s stock in a transaction that occurred 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 owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. The trade was a 21.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.30% of the company’s stock.

Institutional Trading of Sonida Senior Living

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

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.