Suja Life (NASDAQ:SUJA) Research Coverage Started at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Suja Life (NASDAQ:SUJA) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm issued a hold rating on the stock.

Several other analysts have also weighed in on SUJA. Weiss Ratings assumed coverage on shares of Suja Life in a research note on Wednesday, August 5th. They set a “sell (e-)” rating for the company. Roth Capital began coverage on shares of Suja Life in a research report on Friday, October 2nd. They issued a “buy” rating and a $20.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Suja Life from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, William Blair downgraded shares of Suja Life from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

Suja Life Trading Down 1.6%

Shares of NASDAQ SUJA opened at $11.50 on Thursday. 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 has a twelve month low of $5.59 and a twelve month high of $18.48. The firm has a 50 day moving average price of $9.07.

Suja Life (NASDAQ:SUJA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.34). The company had revenue of $83.86 million during the quarter. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts predict that Suja Life will post 0.06 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Schwartz Food Chain Fund Paine acquired 233,624 shares of the stock in a transaction that occurred on 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 purchase, the insider directly owned 10,677,629 shares of the company’s stock, valued at $102,398,462.11. The trade was a 2.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 2,175,260 shares of company stock valued at $18,052,220 in the last ninety days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in Suja Life in the second quarter worth approximately $8,294,000. State Street Corp acquired a new position in shares of Suja Life in the 2nd quarter worth $607,000. Finally, Readystate Asset Management LP acquired a new position in shares of Suja Life in the 2nd quarter worth $305,000.

About Suja Life

Suja Life, Inc is a wellness beverage company focused on producing and marketing organic and functional drinks. Its portfolio includes cold-pressed juices, probiotic beverages, kombucha, wellness shots and other products designed to support everyday health and nutrition.

The company’s principal brands include Suja Organic, which offers refrigerated juices, smoothies and functional beverages, and Vive Organic, which specializes in concentrated wellness shots and other functional drinks.