Celsius (NASDAQ:CELH) Given New $44.00 Price Target at Piper Sandler

Celsius (NASDAQ:CELH) had its price target upped by Piper Sandler from $43.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 20.02% from the company’s current price.

A number of other research analysts also recently issued reports on the company. UBS Group reduced their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group dropped their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Needham & Company LLC increased their price objective on Celsius from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $45.94.

Celsius Trading Down 1.1 %

NASDAQ CELH opened at $36.66 on Thursday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 83.32, a PEG ratio of 2.90 and a beta of 1.58. The business has a fifty day simple moving average of $30.31 and a 200 day simple moving average of $29.19. Celsius has a 12 month low of $21.10 and a 12 month high of $98.85.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. As a group, sell-side analysts predict that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CELH. Opal Wealth Advisors LLC purchased a new position in Celsius in the 1st quarter worth approximately $72,000. Wealth Enhancement Advisory Services LLC boosted its position in Celsius by 23.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock valued at $796,000 after buying an additional 4,210 shares during the period. Fifth Third Bancorp grew its holdings in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after acquiring an additional 666 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Celsius in the first quarter valued at about $214,000. Finally, GAMMA Investing LLC raised its stake in shares of Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock valued at $73,000 after acquiring an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.