Suja Life, Inc. (NASDAQ:SUJA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus is “Moderate Buy” among six analysts, with one sell, two hold, two buy and one strong-buy rating. The average 1-year price target is $26.67, well above the stock’s $8.85 opening price.
• Suja Life reported a quarterly loss of $0.14 per share, missing the $0.20 consensus estimate, though revenue rose 11.2% year over year to $83.86 million.
• Insider buying has been notable: insiders purchased 2.18 million shares worth about $18.1 million over the past three months, including a 50,000-share purchase by major shareholder Schwartz Food Chain Fund.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $26.6667.

Several brokerages have recently commented on SUJA. Jefferies Financial Group initiated coverage on Suja Life in a research note on Monday, June 1st. They issued a "buy" rating and a $25.00 price objective for the company. Weiss Ratings began coverage on Suja Life in a report on Wednesday, August 5th. They set a "sell (e-)" rating for the company. William Blair lowered Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Suja Life in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded Suja Life to a "hold" rating in a research note on Tuesday, June 2nd.

Suja Life Stock Down 3.6%

Suja Life stock opened at $8.85 on Friday. The firm has a fifty day simple moving average of $9.05. Suja Life has a 1-year low of $5.59 and a 1-year high of $18.48. 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 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 firm had revenue of $83.86 million for the quarter. The company's quarterly revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that Suja Life will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Suja Life

In other news, major shareholder Schwartz Food Chain Fund Paine purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were bought 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 directly owned 11,921,253 shares of the company's stock, valued at approximately $118,020,404.70. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 2,175,260 shares of company stock valued at $18,052,220 in the last three months.

Institutional Investors Weigh In On Suja Life

An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP bought a new stake in Suja Life, Inc. (NASDAQ:SUJA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned approximately 0.08% of Suja Life as of its most recent SEC filing.

About Suja Life

Suja Life Inc operates as a holding company, through its subsidiaries, offers organic cold-pressed juices, wellness shots and functional sodas. Suja Life Inc is based in Oceanside, California.

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