Celsius’ (CELH) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Celsius (NASDAQ:CELH) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $100.00 target price on the stock.

CELH has been the topic of several other research reports. Morgan Stanley reiterated an equal weight rating and set a $75.00 price target on shares of Celsius in a research report on Wednesday, March 27th. Stifel Europe upped their price objective on Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research report on Monday, March 18th. UBS Group lifted their target price on Celsius from $73.00 to $99.00 and gave the company a buy rating in a research report on Friday, March 1st. Bank of America downgraded shares of Celsius from a buy rating to a neutral rating and set a $65.00 price target on the stock. in a research note on Friday, January 19th. Finally, Stifel Nicolaus lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Celsius currently has an average rating of Moderate Buy and a consensus price target of $85.45.

Celsius Price Performance

CELH stock opened at $75.97 on Friday. Celsius has a one year low of $32.99 and a one year high of $99.62. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 98.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93. The company has a fifty day moving average price of $80.79 and a two-hundred day moving average price of $65.58.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. During the same quarter last year, the business earned $0.01 EPS. The company’s quarterly revenue was up 95.2% compared to the same quarter last year. Research analysts anticipate that Celsius will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,186,215 shares of company stock worth $80,215,119. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Heritage Wealth Advisors bought a new position in Celsius in the third quarter worth approximately $32,000. Harvest Fund Management Co. Ltd acquired a new stake in Celsius in the third quarter valued at approximately $36,000. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius during the first quarter valued at approximately $25,000. Finally, Signaturefd LLC raised its position in shares of Celsius by 212.0% during the third quarter. Signaturefd LLC now owns 337 shares of the company’s stock worth $58,000 after purchasing an additional 229 shares during the period. 60.95% of the stock is currently owned by institutional investors.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.