Truist Financial Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Celsius (NASDAQ:CELH) had its target price upped by Truist Financial from $65.00 to $70.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 25.99% from the company’s current price.

A number of other brokerages also recently issued reports on CELH. Roth Capital increased their price objective on Celsius from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Cowen reiterated a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. UBS Group lifted their target price on shares of Celsius from $64.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Piper Sandler lifted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen lowered shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.16.

Celsius Stock Performance

CELH traded down $2.81 on Monday, hitting $55.56. The company’s stock had a trading volume of 2,358,703 shares, compared to its average volume of 8,034,772. The company’s 50 day simple moving average is $51.32 and its 200-day simple moving average is $41.24. The firm has a market cap of $14.33 billion, a P/E ratio of 150.87, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. Celsius has a 12 month low of $21.10 and a 12 month high of $63.50. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. Celsius’s revenue for the quarter was up 83.9% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Analysts forecast that Celsius will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,123,641 shares of company stock valued at $52,998,580. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Large investors have recently made changes to their positions in the business. Westside Investment Management Inc. bought a new stake in shares of Celsius in the 1st quarter worth approximately $32,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Celsius by 255.1% in the 1st 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 during the last quarter. Hantz Financial Services Inc. grew its position in shares of Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after buying an additional 738 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after buying an additional 844 shares during the last quarter. 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.