Celsius (NASDAQ:CELH) Given New $55.00 Price Target at Truist Financial

Celsius (NASDAQ:CELH) had its price target increased by Truist Financial from $50.00 to $55.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. LADENBURG THALM/SH SH reduced their price target on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Wall Street Zen raised Celsius from a “sell” rating to a “hold” rating in a report on Sunday. Needham & Company LLC boosted their target price on Celsius from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Stifel Nicolaus began coverage on Celsius in a report on Thursday, June 12th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Roth Capital reissued a “buy” rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.94.

Celsius Stock Up 0.8%

Shares of CELH stock opened at $45.47 on Monday. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 142.10, a PEG ratio of 1.60 and a beta of 1.45. The business’s fifty day moving average is $40.94 and its 200 day moving average is $33.62. Celsius has a twelve month low of $21.10 and a twelve month high of $57.48.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. Celsius’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 300,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares of the company’s stock, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the transaction, the chief executive officer directly owned 1,169,380 shares in the company, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 562,974 shares of company stock worth $25,758,418. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in Celsius in the first quarter valued at about $32,000. Summit Securities Group LLC bought a new position in Celsius in the first quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its position in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after buying an additional 750 shares in the last quarter. UMB Bank n.a. increased its position in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after buying an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after buying an additional 666 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

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.