Needham & Company LLC Begins Coverage on Suja Life (NASDAQ:SUJA)

Needham & Company LLC initiated coverage on shares of Suja Life (NASDAQ:SUJA – Get Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

Several other equities analysts also recently commented on the company. Weiss Ratings started coverage on Suja Life in a research report on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. Roth Capital assumed coverage on Suja Life in a research report on Friday, October 2nd. They set a “buy” rating and a $20.00 price target on the stock. Finally, Wall Street Zen lowered shares of Suja Life from a “hold” rating to a “sell” rating in a 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Get Our Latest Stock Analysis on Suja Life

Suja Life Price Performance

Shares of NASDAQ SUJA traded up $0.11 during mid-day trading on Thursday, hitting $12.05. The company had a trading volume of 44,725 shares, compared to its average volume of 473,165. The company has a 50-day moving average price of $8.86. Suja Life has a one year low of $5.59 and a one year high of $18.48. 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 (NASDAQ:SUJA – Get Free Report) last released 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 firm had revenue of $83.86 million during the quarter. Suja Life’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that Suja Life will post 0.06 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Schwartz Food Chain Fund Paine bought 50,000 shares of Suja Life stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average cost of $9.90 per share, with a total value of $495,000.00. Following the completion of the transaction, the insider owned 11,921,253 shares in the company, valued at $118,020,404.70. The trade was a 0.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 2,175,260 shares of company stock worth $18,052,220 over the last ninety days.

Hedge Funds Weigh In On Suja Life

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUJA. Readystate Asset Management LP purchased a new position in Suja Life during the second quarter valued at approximately $305,000. State Street Corp acquired a new position in Suja Life during the 2nd quarter worth about $607,000. Finally, Citadel Advisors LLC acquired a new position in shares of Suja Life during the second quarter worth about $8,294,000.

Suja Life Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Suja Life (NASDAQ:SUJA)

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