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

Celsius Holdings, Inc. (NASDAQ:CELH) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.88.

Several brokerages have commented on CELH. Roth Mkm reissued a “buy” rating and issued a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. B. Riley reissued a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Piper Sandler lifted their price target on shares of Celsius from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, April 17th.

Celsius Stock Performance

Celsius stock opened at $33.89 on Tuesday. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 77.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. The company’s 50 day simple moving average is $33.20 and its 200-day simple moving average is $29.54. Celsius has a 1 year low of $21.10 and a 1 year high of $98.85.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. Equities analysts expect that Celsius will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of CELH. Champlain Investment Partners LLC acquired a new stake in Celsius in the fourth quarter valued at $85,068,000. Contrarius Group Holdings Ltd purchased a new stake in shares of Celsius during the 4th quarter worth approximately $75,535,000. Norges Bank acquired a new stake in shares of Celsius in the 4th quarter worth approximately $72,579,000. Alyeska Investment Group L.P. increased its stake in Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after purchasing an additional 2,591,345 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Celsius during the fourth quarter worth $61,160,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.