Suja Life (NASDAQ:SUJA) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Suja Life from “sell” to “hold.” Across analysts, the stock has an average “hold” rating and a $15.60 average price target, though views range from buy to sell.
• Suja Life reported a quarterly loss of $0.22 per share, missing the $0.13 loss analysts expected; revenue was $76.37 million, up 3.3% year over year.
• The stock was reported down 11.9% and opened at $7.04, while insiders bought 1.73 million shares worth about $15.3 million over the prior 90 days.

Suja Life (NASDAQ:SUJA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also issued reports on SUJA. The Goldman Sachs Group lowered Suja Life from a "buy" rating to a "neutral" rating and set a $12.00 target price on the stock. in a research report on Wednesday. Bank of America lowered shares of Suja Life from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $8.00 to $5.00 in a report on Thursday. Needham & Company LLC began coverage on shares of Suja Life in a research report on Thursday, October 15th. They set a "hold" rating for the company. Weiss Ratings reaffirmed a "sell (e-)" rating on shares of Suja Life in a report on Tuesday, November 3rd. Finally, Roth Capital began coverage on shares of Suja Life in a report on Friday, October 2nd. They set a "buy" rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.60.

Suja Life Stock Down 11.9%

NASDAQ SUJA opened at $7.04 on Friday. Suja Life has a twelve month low of $5.59 and a twelve month high of $18.48. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $9.74.

Suja Life (NASDAQ:SUJA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The business had revenue of $76.37 million during the quarter. Suja Life's revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that Suja Life will post 0.23 earnings per share for the current year.

Insider Activity at Suja Life

In other news, major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of $9.59 per share, for a total transaction of $2,240,454.16. Following the completion of the transaction, the insider directly owned 10,677,629 shares in the company, valued at $102,398,462.11. The trade was a 2.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 1,731,033 shares of company stock worth $15,266,289 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in Suja Life in the 2nd quarter valued at $8,294,000. State Street Corp grew its holdings in shares of Suja Life by 134.0% during the third quarter. State Street Corp now owns 139,700 shares of the company's stock worth $1,356,000 after buying an additional 80,000 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Suja Life by 169.8% during the third quarter. CenterBook Partners LP now owns 75,364 shares of the company's stock worth $732,000 after buying an additional 47,427 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Suja Life during the second quarter worth $305,000. Finally, Empowered Funds LLC acquired a new stake in shares of Suja Life in the third quarter valued at about $284,000.

About Suja Life

Suja Life, Inc. is a beverage company that makes and markets organic and functional drinks. Its products include cold-pressed juices, wellness shots and other beverages sold under brands including Suja Organic and Vive Organic. The company's products are available through retail stores and other sales channels, primarily in the United States. Suja was founded in San Diego in 2012 and has since expanded its portfolio through the Vive Organic brand.

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