Analysts at Needham & Company LLC started coverage on shares of Suja Life (NASDAQ:SUJA – Get Free Report) in a research note issued on Thursday, Benzinga reports. The firm set a “hold” rating on the stock.
A number of other equities research analysts have also recently weighed in on SUJA. Weiss Ratings initiated coverage on Suja Life in a research note on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. William Blair downgraded Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Roth Capital started coverage on shares of Suja Life in a report on Friday, October 2nd. They set a “buy” rating and a $20.00 target price on the stock. Finally, Wall Street Zen cut shares of Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.00.
View Our Latest Analysis on SUJA
Suja Life Trading Up 3.9%
Suja Life (NASDAQ:SUJA – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.34). The business 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. As a group, equities research analysts expect that Suja Life will post 0.06 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 firm’s stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average cost of $9.90 per share, with a total value of $495,000.00. Following the transaction, the insider owned 11,921,253 shares in the company, valued at approximately $118,020,404.70. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 2,175,260 shares of company stock worth $18,052,220.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP purchased a new position in Suja Life in the second quarter valued at approximately $305,000. State Street Corp purchased a new stake in shares of Suja Life during the 2nd quarter worth approximately $607,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Suja Life during the 2nd quarter worth approximately $8,294,000.
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.
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