Suja Life, Inc.’s (NASDAQ:SUJA) Lock-Up Period Set To End Tomorrow

Suja Life’s (NASDAQ:SUJA) lock-up period is set to expire 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. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SUJA shares. Weiss Ratings started coverage on shares of Suja Life in a research note on Wednesday, August 5th. They set a “sell (e-)” rating on the stock. Needham & Company LLC began coverage on Suja Life in a research report on Thursday, October 15th. They issued a “hold” rating on the stock. William Blair downgraded Suja Life from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Suja Life Price Performance

SUJA opened at $10.65 on Monday. The business’s fifty day moving average price is $9.72. 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 1 year low of $5.59 and a 1 year high of $18.48.

Suja Life (NASDAQ:SUJA) last issued its earnings results on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.34). The company had revenue of $83.86 million for the quarter. The firm’s revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict 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 acquired 50,000 shares of Suja Life stock in a transaction that occurred on Tuesday, September 8th. The stock was 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 of the company’s stock, 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 the SEC website. Over the last three months, insiders purchased 2,175,260 shares of company stock worth $18,052,220.

Hedge Funds Weigh In On Suja Life

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

Suja Life Company Profile

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.