Suja Life, Inc. (NASDAQ:SUJA) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Suja Life, Inc. (NASDAQ:SUJA) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts recently issued reports on the company. William Blair lowered Suja Life from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Suja Life from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings assumed coverage on shares of Suja Life in a report on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. Finally, Roth Capital initiated coverage on shares of Suja Life in a research note on Friday, October 2nd. They set a “buy” rating and a $20.00 target price for the company.

Insider Activity

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine purchased 233,624 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of $9.59 per share, with a total value of $2,240,454.16. Following the acquisition, the insider owned 10,677,629 shares of the company’s stock, valued at approximately $102,398,462.11. This represents a 2.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 2,175,260 shares of company stock valued at $18,052,220.

Institutional Investors Weigh In On Suja Life

Several institutional investors and hedge funds have recently bought and sold shares of the business. Readystate Asset Management LP acquired a new stake in shares of Suja Life during the 2nd quarter worth approximately $305,000. State Street Corp bought a new stake in shares of Suja Life in the 2nd quarter worth approximately $607,000. Finally, Citadel Advisors LLC bought a new stake in shares of Suja Life in the 2nd quarter worth approximately $8,294,000.

Suja Life Stock Performance

Shares of NASDAQ:SUJA opened at $11.49 on Wednesday. The stock has a fifty day moving average of $8.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.53 and a quick ratio of 0.96. Suja Life has a 12-month low of $5.59 and a 12-month high of $18.48.

Suja Life (NASDAQ:SUJA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.34). The business had revenue of $83.86 million during the quarter. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, analysts expect that Suja Life will post 0.06 earnings per share for the current fiscal year.

About Suja Life

Suja Life, Inc is a wellness beverage company focused on producing and marketing organic and functional drinks. Its portfolio includes cold-pressed juices, probiotic beverages, kombucha, wellness shots and other products designed to support everyday health and nutrition.

The company’s principal brands include Suja Organic, which offers refrigerated juices, smoothies and functional beverages, and Vive Organic, which specializes in concentrated wellness shots and other functional drinks.