Suja Life, Inc.’s Quiet Period Will End on June 16th (NASDAQ:SUJA)

Suja Life’s (NASDAQ:SUJA) quiet period is set to expire on Tuesday, June 16th. Suja Life had issued 8,888,889 shares in its initial public offering on May 7th. The total size of the offering was $186,666,669 based on an initial share price of $21.00. During Suja Life’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SUJA shares. Zacks Research upgraded shares of Suja Life to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Suja Life to a “hold” rating in a research report on Saturday, May 16th. William Blair started coverage on shares of Suja Life in a research report on Monday, June 1st. They issued an “outperform” rating on the stock. The Goldman Sachs Group started coverage on shares of Suja Life in a research report on Monday, June 1st. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of Suja Life in a research report on Monday, June 1st. They issued a “buy” rating and a $25.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $26.67.

Suja Life Stock Performance

NASDAQ:SUJA opened at $14.64 on Tuesday. Suja Life has a twelve month low of $11.99 and a twelve month high of $18.48.