Suja Life, Inc.’s Lock-Up Period Set To Expire on November 3rd (NASDAQ:SUJA)

Suja Life’s (NASDAQ:SUJA) lock-up period will end on Tuesday, November 3rd. Suja Life had issued 8,888,889 shares in its IPO on May 7th. The total size of the offering was $186,666,669 based on an initial share price of $21.00. After the end of Suja Life’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SUJA shares. Roth Capital began coverage on Suja Life in a research note on Friday, October 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Weiss Ratings began coverage on Suja Life in a report on Wednesday, August 5th. They set a “sell (e-)” rating on the stock. Wall Street Zen lowered Suja Life from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Needham & Company LLC initiated coverage on shares of Suja Life in a research report on Thursday, October 15th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Suja Life currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Suja Life Stock Performance

SUJA stock opened at $10.65 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. Suja Life has a 52-week low of $5.59 and a 52-week high of $18.48. The company’s 50 day moving average price is $9.72.

Suja Life (NASDAQ:SUJA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.34). The company had revenue of $83.86 million for the quarter. Suja Life’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Suja Life will post 0.06 EPS for the current fiscal year.

Insider Activity

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of $9.90 per share, with a total value of $495,000.00. Following the completion of the transaction, the insider directly owned 11,921,253 shares in the company, valued at approximately $118,020,404.70. This represents a 0.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 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

A number of institutional investors have recently bought and sold shares of SUJA. Citadel Advisors LLC acquired a new position in shares of Suja Life in the 2nd quarter valued at about $8,294,000. State Street Corp purchased a new stake in shares of Suja Life in the second quarter worth approximately $607,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Suja Life in the second quarter worth approximately $305,000.

About Suja Life

Suja Life is a health and wellness beverage company focused on producing and distributing organic, non-GMO drinks. Its portfolio has historically included cold-pressed juices, juice blends, wellness shots and other functional beverages designed to support everyday health and nutrition.

The company is best known for its Suja Organic brand, which offers products made with fruit, vegetables and other plant-based ingredients. Its offerings have been sold through grocery stores, mass retailers, natural-food outlets, e-commerce channels and other distribution partners, primarily in the United States.

Suja Life was founded in 2012 and is based in San Diego, California.