Suja Life (NASDAQ:SUJA) Stock Rated Buy in New Coverage at Roth Capital

Stock analysts at Roth Capital began coverage on shares of Suja Life (NASDAQ:SUJA) in a research report issued on Friday, Marketbeat reports. The firm set a “buy” rating and a $20.00 price target on the stock. Roth Capital’s target price would indicate a potential upside of 114.36% from the stock’s previous close.

Several other equities research analysts have also issued reports on SUJA. William Blair lowered shares of Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings started coverage on shares of Suja Life in a research note on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Suja Life Stock Down 3.8%

SUJA stock traded down $0.37 during midday trading on Friday, reaching $9.33. 178,543 shares of the company’s stock traded hands, compared to its average volume of 494,030. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. Suja Life has a 52-week low of $5.59 and a 52-week high of $18.48. The stock’s 50-day moving average is $8.77.

Suja Life (NASDAQ:SUJA) last released its quarterly earnings results 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 business had revenue of $83.86 million during the quarter. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that Suja Life will post 0.1 earnings per share for the current year.

Insider Activity

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $9.90 per share, with a total value of $495,000.00. Following the purchase, the insider owned 11,921,253 shares of the company’s stock, valued at $118,020,404.70. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 2,175,260 shares of company stock worth $18,052,220 in the last three months.

Institutional Investors Weigh In On Suja Life

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp bought a new position in shares of Suja Life during the second quarter worth $607,000. Citadel Advisors LLC bought a new stake in Suja Life in the 2nd quarter valued at $8,294,000. Finally, Readystate Asset Management LP bought a new stake in Suja Life in the 2nd quarter valued at $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.