Insider Buying: Suja Life (NASDAQ:SUJA) Major Shareholder Buys $2,065,236.16 in Stock

Suja Life, Inc. (NASDAQ:SUJA) major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of the stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $8.84 per share, for a total transaction of $2,065,236.16. Following the completion of the transaction, the insider directly owned 10,210,381 shares of the company’s stock, valued at approximately $90,259,768.04. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Schwartz Food Chain Fund Paine also recently made the following trade(s):

• On Thursday, August 20th, Schwartz Food Chain Fund Paine purchased 189,300 shares of Suja Life stock. The shares were bought at an average price of $7.63 per share, with a total value of $1,444,359.00.
• On Tuesday, August 18th, Schwartz Food Chain Fund Paine purchased 189,300 shares of Suja Life stock. The shares were bought at an average price of $6.73 per share, for a total transaction of $1,273,989.00.
• On Monday, August 17th, Schwartz Food Chain Fund Paine acquired 175,185 shares of Suja Life stock. The stock was purchased at an average price of $6.49 per share, with a total value of $1,136,950.65.
• On Friday, August 14th, Schwartz Food Chain Fund Paine acquired 111,929 shares of Suja Life stock. The shares were purchased at an average cost of $6.43 per share, with a total value of $719,703.47.
• On Wednesday, August 12th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The shares were purchased at an average cost of $6.13 per share, with a total value of $686,124.77.
• On Tuesday, August 11th, Schwartz Food Chain Fund Paine purchased 108,440 shares of Suja Life stock. The stock was acquired at an average cost of $6.09 per share, for a total transaction of $660,399.60.
• On Monday, August 10th, Schwartz Food Chain Fund Paine acquired 111,929 shares of Suja Life stock. The stock was acquired at an average price of $6.43 per share, for a total transaction of $719,703.47.

Suja Life Price Performance

Shares of NASDAQ SUJA traded up $0.28 during trading hours on Tuesday, hitting $9.33. 743,862 shares of the company’s stock were exchanged, compared to its average volume of 988,862. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53. The firm has a 50-day moving average of $9.11. Suja Life, Inc. has a 1-year low of $5.59 and a 1-year high of $18.48.

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 firm had revenue of $83.86 million for the quarter. Suja Life’s revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts anticipate that Suja Life, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

SUJA has been the topic of a number of recent research reports. Zacks Research upgraded Suja Life to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut Suja Life from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. William Blair lowered shares of Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. Finally, Evercore began coverage on Suja Life in a research note on Monday, June 1st. They set an “outperform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Hedge Funds Weigh In On Suja Life

An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP acquired a new position in shares of Suja Life, Inc. (NASDAQ:SUJA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life at the end of the most recent reporting period.

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.