Roth Capital Upgrades Suja Life (NASDAQ:SUJA) to Strong-Buy

Key Points

• Roth Capital upgraded Suja Life to “strong buy,” while the broader analyst consensus remains “moderate buy” with a $25.00 target price.
• Suja Life shares rose 7.2% to open at $9.70, despite the company’s latest quarterly loss of $0.14 per share, which missed estimates by $0.34; revenue increased 11.2% year over year to $83.86 million.
• Insider and institutional buying provided additional support: insiders purchased 2.18 million shares worth $18.1 million over the past 90 days, while Citadel Advisors and other funds initiated positions.

Suja Life (NASDAQ:SUJA - Get Free Report) was upgraded by stock analysts at Roth Capital to a "strong-buy" rating in a research report issued on Friday, Zacks reports.

SUJA has been the subject of several other research reports. Wall Street Zen cut shares of Suja Life from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Weiss Ratings started coverage on Suja Life in a research report on Wednesday, August 5th. They issued a "sell (e-)" rating on the stock. William Blair cut Suja Life from an "outperform" rating to a "market perform" rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Suja Life currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

Suja Life Stock Up 7.2%

Shares of NASDAQ SUJA opened at $9.70 on Friday. Suja Life has a 1 year low of $5.59 and a 1 year high of $18.48. The company has a 50-day simple moving average of $8.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53.

Suja Life (NASDAQ:SUJA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.34). The company had revenue of $83.86 million for the quarter. The business's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts predict that Suja Life will post 0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $9.59 per share, with a total value of $2,240,454.16. Following the completion of the purchase, the insider owned 10,677,629 shares in the company, valued at approximately $102,398,462.11. The trade was a 2.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 2,175,260 shares of company stock worth $18,052,220 in the last 90 days.

Institutional Investors Weigh In On Suja Life

A number of hedge funds have recently modified their holdings of SUJA. Citadel Advisors LLC bought a new position in shares of Suja Life during the 2nd quarter valued at about $8,294,000. State Street Corp acquired a new position in shares of Suja Life in the 2nd quarter valued at approximately $607,000. Finally, Readystate Asset Management LP bought a new stake in Suja Life during the 2nd quarter worth approximately $305,000.

Suja Life Company Profile

Suja Life is a beverage company focused on organic and better-for-you products designed to support everyday wellness. Its portfolio includes cold-pressed juices, functional beverages, probiotic drinks and wellness shots made with ingredients such as fruits, vegetables, herbs and other plant-based components.

The company's products have been marketed under the Suja brand and distributed through grocery stores, natural-food retailers, club stores and other retail channels, as well as through online commerce.

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