Sonida Senior Living (NYSE:SNDA) Reaches New 1-Year High – Should You Buy?

Sonida Senior Living, Inc. (NYSE:SNDA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $44.00 and last traded at $43.86, with a volume of 39822 shares changing hands. The stock had previously closed at $41.69.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNDA. Citizens Jmp initiated coverage on shares of Sonida Senior Living in a research report on Monday. They issued an “outperform” rating and a $50.00 target price on the stock. Cantor Fitzgerald lifted their price target 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. Royal Bank Of Canada boosted their price objective on shares of Sonida Senior Living from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Morgan Stanley upped their price objective 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. Finally, Citigroup initiated coverage on shares of Sonida Senior Living in a report on Monday. They issued a “market outperform” rating on the stock. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.00.

Sonida Senior Living Trading Up 4.9%

The stock’s 50 day moving average price is $37.80. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -7.50 and a beta of 0.75. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.44 and a current ratio of 0.44.

Sonida Senior Living (NYSE:SNDA) last issued its quarterly earnings data on Monday, May 11th. The company reported ($2.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.72). The company had revenue of $122.63 million for the quarter. Sonida Senior Living had a negative net margin of 24.15% and a negative return on equity of 36.98%. On average, sell-side analysts anticipate that Sonida Senior Living, Inc. will post -1.72 earnings per share for the current year.

Insider Transactions at Sonida Senior Living

In other Sonida Senior Living news, Director Benjamin P. 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 transaction of $93,650.00. Following the completion of the sale, the director directly owned 9,182 shares in the company, valued at $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 is available through this hyperlink. Insiders own 39.30% of the company’s stock.

Hedge Funds Weigh In On Sonida Senior Living

Institutional investors have recently made changes to their positions in the business. Brookstone Capital Management purchased a new stake in Sonida Senior Living during the first quarter valued at approximately $258,000. Capital Advisors Ltd. LLC purchased a new position in shares of Sonida Senior Living during the 1st quarter worth $45,000. Ocean Park Asset Management LLC bought a new stake in shares of Sonida Senior Living during the 1st quarter valued at $337,000. RFG Advisory LLC bought a new stake in shares of Sonida Senior Living during the 1st quarter valued at $279,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Sonida Senior Living in the 1st quarter worth $545,000. 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.