Suja Life, Inc. (NASDAQ:SUJA) Stock Has Consensus Price Target of $25.00

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

SUJA has been the topic of a number of recent research reports. Roth Capital assumed coverage on Suja Life in a research report on Friday, October 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. William Blair lowered Suja Life from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Wall Street Zen lowered Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings reiterated a “sell (e-)” rating on shares of Suja Life in a research report on Tuesday.

Insider Activity at Suja Life

In related news, major shareholder Schwartz Food Chain Fund Paine bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $9.90 per share, for a total transaction of $495,000.00. Following the transaction, the insider owned 11,921,253 shares of the company’s stock, valued at $118,020,404.70. This represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 2,175,260 shares of company stock worth $18,052,220 over the last ninety days.

Hedge Funds Weigh In On Suja Life

Several institutional investors have recently modified their holdings of SUJA. Citadel Advisors LLC bought a new position in shares of Suja Life during the 2nd quarter worth approximately $8,294,000. State Street Corp acquired a new stake in shares of Suja Life in the second quarter valued at approximately $607,000. Brighton Jones LLC acquired a new stake in shares of Suja Life in the third quarter valued at approximately $108,000. CenterBook Partners LP lifted its position in shares of Suja Life by 169.8% in the third quarter. CenterBook Partners LP now owns 75,364 shares of the company’s stock worth $732,000 after purchasing an additional 47,427 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Suja Life in the second quarter worth $305,000.

Suja Life Trading Down 2.7%

Shares of Suja Life stock opened at $9.89 on Friday. Suja Life has a 12-month low of $5.59 and a 12-month high of $18.48. The stock’s 50-day moving average price is $9.86. 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 Company Profile

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.