Celsius Holdings, Inc. (NASDAQ:CELH) Receives Average Rating of “Moderate Buy” from Analysts

Celsius Holdings, Inc. (NASDAQ:CELH) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $85.10.

A number of equities analysts have commented on CELH shares. UBS Group upped their price objective on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Wedbush increased their target price on Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Bank of America downgraded 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. Stifel Europe raised their target price on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Piper Sandler upped their price target on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st.

Insiders Place Their Bets

In related news, Director Caroline S. Levy sold 20,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the sale, the director now owns 37,891 shares of the company’s stock, valued at $3,590,930.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the completion of the transaction, the director now owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Kyle Audrey Watson sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $89.17, for a total transaction of $3,566,800.00. Following the sale, the chief marketing officer now directly owns 75,060 shares in the company, valued at $6,693,100.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,034,321 shares of company stock valued at $60,664,473. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC increased its position in Celsius by 128.8% during the first quarter. SeaCrest Wealth Management LLC now owns 16,241 shares of the company’s stock worth $1,347,000 after purchasing an additional 9,144 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Celsius by 14.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,631,651 shares of the company’s stock valued at $135,297,000 after acquiring an additional 209,284 shares during the period. Oak Thistle LLC acquired a new stake in Celsius during the first quarter worth about $412,000. Griffin Asset Management Inc. acquired a new position in shares of Celsius in the 1st quarter valued at about $387,000. Finally, New England Research & Management Inc. purchased a new stake in shares of Celsius during the 1st quarter worth about $471,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $69.97 on Friday. Celsius has a fifty-two week low of $28.10 and a fifty-two week high of $99.62. The firm has a 50-day simple moving average of $78.59 and a 200-day simple moving average of $64.07. The company has a market capitalization of $16.16 billion, a price-to-earnings ratio of 90.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.86.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating 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 company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same period last year, the business posted $0.01 EPS. The company’s revenue was up 95.2% on a year-over-year basis. Equities research analysts forecast that Celsius will post 1.09 EPS for the current year.

Celsius Company Profile

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.