Suja Life (NASDAQ:SUJA) Stock Moved Up to Strong-Buy by Roth Capital

Roth Capital upgraded shares of Suja Life (NASDAQ:SUJA) to a strong-buy rating in a research report released on Friday morning,Zacks reports.

A number of other equities analysts also recently issued reports on SUJA. The Goldman Sachs Group reiterated a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of Suja Life in a report on Wednesday, August 5th. They set a “sell (e-)” rating on the stock. William Blair downgraded shares of Suja Life from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Suja Life from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Suja Life currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Suja Life Trading Up 7.2%

SUJA stock opened at $9.70 on Friday. Suja Life has a fifty-two week low of $5.59 and a fifty-two week high of $18.48. The stock’s 50 day moving average price is $8.77. 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 (NASDAQ:SUJA) last released its earnings results on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.34). The firm had revenue of $83.86 million during the quarter. Suja Life’s revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that Suja Life will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Suja Life

In related news, major shareholder Schwartz Food Chain Fund Paine purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $9.90 per share, for a total transaction of $495,000.00. Following the purchase, the insider directly owned 11,921,253 shares of the company’s stock, valued at approximately $118,020,404.70. This represents a 0.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 2,175,260 shares of company stock valued at $18,052,220.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in shares of Suja Life during the second quarter valued at $8,294,000. State Street Corp purchased a new position in shares of Suja Life in the 2nd quarter worth about $607,000. Finally, Readystate Asset Management LP bought a new position in Suja Life in the 2nd quarter worth about $305,000.

About Suja Life

Suja Life is a beverage company focused on organic and better-for-you products designed to support everyday wellness. Its portfolio includes cold-pressed juices, functional beverages, probiotic drinks and wellness shots made with ingredients such as fruits, vegetables, herbs and other plant-based components.

The company’s products have been marketed under the Suja brand and distributed through grocery stores, natural-food retailers, club stores and other retail channels, as well as through online commerce.