Suja Life, Inc. (NASDAQ:SUJA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Suja Life, Inc. (NASDAQ:SUJA) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.6667.

SUJA has been the subject of several research analyst reports. Evercore initiated coverage on Suja Life in a research report on Monday, June 1st. They set an “outperform” rating and a $24.00 target price for the company. Wall Street Zen downgraded shares of Suja Life from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Zacks Research upgraded shares of Suja Life to a “hold” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. Finally, Weiss Ratings began coverage on shares of Suja Life in a research note on Wednesday, August 5th. They issued a “sell (e-)” rating on the stock.

Suja Life Stock Performance

Shares of NASDAQ SUJA opened at $8.57 on Friday. Suja Life has a fifty-two week low of $5.59 and a fifty-two week high of $18.48. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The business has a 50 day simple moving average of $8.91.

Suja Life (NASDAQ:SUJA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.34). The company had revenue of $83.86 million during the quarter. The company’s revenue was up 11.2% on a year-over-year basis. Analysts forecast that Suja Life will post 0.1 earnings per share for the current year.

Insider Activity

In other news, major shareholder Schwartz Food Chain Fund Paine acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $9.90 per share, with a total value of $495,000.00. Following the completion of the purchase, the insider directly owned 11,921,253 shares in the company, valued at $118,020,404.70. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 2,175,260 shares of company stock valued at $18,052,220 in the last ninety days.

Institutional Investors Weigh In On Suja Life

An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP purchased a new position in shares of Suja Life, Inc. (NASDAQ:SUJA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $305,000. Readystate Asset Management LP owned approximately 0.08% of Suja Life at the end of the most recent quarter.

Suja Life Company Profile

Suja Life is a beverage company focused on organic and better-for-you products designed to support everyday wellness. Its portfolio includes cold-pressed juices, functional beverages, probiotic drinks and wellness shots made with ingredients such as fruits, vegetables, herbs and other plant-based components.

The company’s products have been marketed under the Suja brand and distributed through grocery stores, natural-food retailers, club stores and other retail channels, as well as through online commerce.