Suja Life, Inc. (NASDAQ:SUJA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Suja Life a “Moderate Buy” consensus across six brokerages, with an average 12-month price target of $26.67. Ratings include two buys, one strong buy, two holds and one sell.
• A major shareholder purchased 175,185 shares at an average of $6.49, and insiders have bought 619,412 shares worth approximately $3.9 million over the past 90 days.
• SUJA shares opened at $6.65, near the lower end of their $5.59–$18.48 12-month range. The company missed quarterly EPS expectations, reporting a $0.14 loss per share versus the $0.20 consensus estimate, although revenue rose 11.2% year over year to $83.86 million.

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

A number of equities research analysts recently commented on SUJA shares. Jefferies Financial Group initiated coverage on Suja Life in a research report on Monday, June 1st. They set a "buy" rating and a $25.00 price target on the stock. William Blair downgraded Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. The Goldman Sachs Group restated a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. Finally, Weiss Ratings assumed coverage on Suja Life in a research note on Wednesday, August 5th. They issued a "sell (e-)" rating for the company.

Insider Buying and Selling

In related news, major shareholder Schwartz Food Chain Fund Paine acquired 175,185 shares of the firm's stock in a transaction on Monday, August 17th. The shares were purchased at an average price of $6.49 per share, with a total value of $1,136,950.65. Following the acquisition, the insider directly owned 9,219,557 shares in the company, valued at $59,834,924.93. The trade was a 1.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have bought 619,412 shares of company stock worth $3,922,882.

Suja Life Price Performance

Shares of SUJA stock opened at $6.65 on Tuesday. Suja Life has a 12-month low of $5.59 and a 12-month high of $18.48. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.86. The company's 50-day moving average price is $9.55.

Suja Life (NASDAQ:SUJA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.34). The business 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. On average, research analysts predict that Suja Life will post 0.1 EPS for the current year.

Suja Life Company Profile

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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