Suja Life, Inc. (NASDAQ:SUJA) Stock Has Average Target Price of $25.00 According to Brokerages

Shares of Suja Life, Inc. (NASDAQ:SUJA) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several research analysts recently commented on SUJA shares. William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 5th. Needham & Company LLC began coverage on Suja Life in a research report on Thursday, October 15th. They issued a “hold” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Weiss Ratings assumed coverage on Suja Life in a research report on Wednesday, August 5th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen downgraded Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th.

Suja Life Price Performance

Shares of SUJA stock opened at $10.65 on Friday. 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 has a 52 week low of $5.59 and a 52 week high of $18.48. The firm has a 50 day simple moving average of $9.72.

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 analysts’ consensus estimates of $0.20 by ($0.34). The firm had revenue of $83.86 million during the quarter. The business’s revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Suja Life will post 0.06 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Schwartz Food Chain Fund Paine purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $9.90 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the insider directly owned 11,921,253 shares of the company’s stock, valued at $118,020,404.70. The trade was a 0.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 2,175,260 shares of company stock valued at $18,052,220 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUJA. Readystate Asset Management LP purchased a new stake in shares of Suja Life in the 2nd quarter valued at approximately $305,000. State Street Corp purchased a new stake in shares of Suja Life during the 2nd quarter worth $607,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Suja Life during the 2nd quarter worth $8,294,000.

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.