Suja Life (NASDAQ:SUJA) Stock Picked Up by Analysts at Needham & Company LLC

Needham & Company LLC started coverage on shares of Suja Life (NASDAQ:SUJA) in a report released on Thursday, Marketbeat reports. The firm set a “hold” rating on the stock.

SUJA has been the subject of several other reports. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Roth Capital assumed coverage on Suja Life in a report on Friday, October 2nd. They set a “buy” rating and a $20.00 price target for the company. 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 started coverage on Suja Life in a report on Wednesday, August 5th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen cut Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Suja Life Stock Down 2.1%

Shares of NASDAQ SUJA opened at $11.69 on Thursday. The business has a fifty day moving average of $8.97. 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 current ratio of 1.53 and a quick ratio of 0.96.

Suja Life (NASDAQ:SUJA) last posted 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 firm had revenue of $83.86 million during the quarter. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Suja Life will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Schwartz Food Chain Fund Paine acquired 233,624 shares of the stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $9.59 per share, with a total value 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. This represents a 2.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 2,175,260 shares of company stock valued at $18,052,220 in the last ninety days.

Institutional Inflows and Outflows

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

Suja Life Company Profile

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.