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

Sonida Senior Living, Inc. (NYSE:SNDA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.66 and last traded at $41.8990, with a volume of 639469 shares traded. The stock had previously closed at $42.21.

Wall Street Analysts Forecast Growth

SNDA has been the subject of several recent research reports. Morgan Stanley upped their target price on Sonida Senior Living from $31.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings raised Sonida Senior Living from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 26th. Royal Bank Of Canada raised their target price on Sonida Senior Living from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Sonida Senior Living from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Cantor Fitzgerald increased their price objective on shares of Sonida Senior Living from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sonida Senior Living presently has an average rating of “Hold” and a consensus target price of $41.25.

Sonida Senior Living Trading Up 0.6%

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 firm has a market cap of $2.01 billion, a PE ratio of -7.28 and a beta of 0.75. The business’s 50-day moving average is $36.85.

Sonida Senior Living (NYSE:SNDA) last announced its quarterly earnings results on Monday, May 11th. The company reported ($2.39) earnings per share (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 business had revenue of $122.63 million for the quarter. Equities research analysts predict that Sonida Senior Living, Inc. 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 company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $37.46, for a total value of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares of the company’s stock, valued at approximately $343,957.72. This represents a 21.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 39.30% of the company’s stock.

Institutional Investors Weigh In On Sonida Senior Living

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC acquired a new stake in Sonida Senior Living in the first quarter worth approximately $45,000. Main Street Group LTD acquired a new position in shares of Sonida Senior Living during the 1st quarter valued at $50,000. First Pacific Financial bought a new stake in shares of Sonida Senior Living in the 1st quarter worth $56,000. Darwin Wealth Management LLC bought a new stake in shares of Sonida Senior Living in the 1st quarter worth $63,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Sonida Senior Living in the first quarter valued at $64,000. Institutional investors own 87.55% of the company’s stock.

About Sonida Senior Living

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.