Suja Life, Inc.'s (NASDAQ:SUJA) Lock-Up Period Will End on November 3rd

Key Points

• Suja Life’s lock-up period ends November 3, allowing insiders and major shareholders to sell shares. The company issued 8.89 million IPO shares at $21 each in May, raising approximately $186.7 million.
• Analyst sentiment is mixed but leans positive: MarketBeat reports an average “Moderate Buy” rating and a $25 price target, despite ratings ranging from Sell to Strong Buy.
• SUJA opened at $9.75, well below its IPO price, after reporting a quarterly loss of $0.14 per share versus expectations for $0.20 in earnings. Revenue rose 11.2% year over year to $83.86 million.

Suja Life's (NASDAQ:SUJA - Get Free Report) lock-up period is set to end on Tuesday, November 3rd. Suja Life had issued 8,888,889 shares in its IPO on May 7th. The total size of the offering was $186,666,669 based on an initial share price of $21.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SUJA. Needham & Company LLC assumed coverage on shares of Suja Life in a research report on Thursday, October 15th. They set a "hold" rating on the stock. Wall Street Zen lowered shares of Suja Life from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. William Blair lowered shares of Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of Suja Life in a research note on Wednesday, August 5th. They issued a "sell (e-)" rating on the stock. Finally, Roth Capital assumed 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.00.

Suja Life Stock Down 0.9%

SUJA opened at $9.75 on Tuesday. Suja Life has a twelve month low of $5.59 and a twelve month high of $18.48. The company's fifty day moving average price is $9.39. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.86.

Suja Life (NASDAQ:SUJA - Get Free Report) last announced its earnings results 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 business 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. Equities research analysts forecast that Suja Life will post 0.06 earnings per share for the current fiscal year.

Insider Activity at Suja Life

In other news, major shareholder Schwartz Food Chain Fund Paine purchased 233,624 shares of the stock in a transaction dated Wednesday, August 26th. The stock was 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 owned 10,677,629 shares of the company's stock, valued at approximately $102,398,462.11. The trade was a 2.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 2,175,260 shares of company stock worth $18,052,220 over the last three months.

Institutional Investors Weigh In On Suja Life

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Suja Life in the second quarter worth approximately $8,294,000. State Street Corp acquired a new stake in Suja Life in the 2nd quarter worth approximately $607,000. Finally, Readystate Asset Management LP acquired a new position in Suja Life in the 2nd quarter valued at $305,000.

About Suja Life

Suja Life is a health and wellness beverage company focused on producing and distributing organic, non-GMO drinks. Its portfolio has historically included cold-pressed juices, juice blends, wellness shots and other functional beverages designed to support everyday health and nutrition.

The company is best known for its Suja Organic brand, which offers products made with fruit, vegetables and other plant-based ingredients. Its offerings have been sold through grocery stores, mass retailers, natural-food outlets, e-commerce channels and other distribution partners, primarily in the United States.

Suja Life was founded in 2012 and is based in San Diego, California.

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