Celsius (NASDAQ:CELH – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley Financial in a research note issued on Friday, Benzinga reports. They presently have a $53.00 price objective on the stock, down from their prior price objective of $56.00. B. Riley Financial‘s price objective indicates a potential upside of 64.80% from the company’s previous close.
Other analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Celsius in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft cut Celsius from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Thursday, August 27th. Stephens decreased their price target on Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. JPMorgan Chase & Co. decreased their price target on Celsius from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Finally, Needham & Company LLC boosted their price target on Celsius from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.39.
Read Our Latest Analysis on Celsius
Celsius Trading Up 7.1%
CELH opened at $32.16 on Friday. The firm’s fifty day simple moving average is $28.75 and its 200 day simple moving average is $34.13. Celsius has a 12 month low of $23.56 and a 12 month high of $59.31. The stock has a market capitalization of $8.14 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.35 and a beta of 1.00. The company has a current ratio of 1.97, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52.
Celsius (NASDAQ:CELH – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Celsius had a net margin of 10.01% and a return on equity of 37.00%. The company had revenue of $847.23 million for the quarter, compared to the consensus estimate of $800.63 million. During the same period last year, the company earned ($0.27) earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Celsius will post 1.42 EPS for the current fiscal year.
Insider Activity
In other news, Director Hal Kravitz acquired 12,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $28.00 per share, with a total value of $336,000.00. Following the transaction, the director directly owned 239,158 shares in the company, valued at approximately $6,696,424. The trade was a 5.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Damon DeSantis acquired 20,000 shares of the stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $27.65 per share, for a total transaction of $553,000.00. Following the completion of the purchase, the director directly owned 2,712,187 shares in the company, valued at $74,991,970.55. The trade was a 0.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 66,000 shares of company stock valued at $1,830,120 in the last quarter. Company insiders own 2.33% of the company’s stock.
Hedge Funds Weigh In On Celsius
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its stake in Celsius by 4.5% in the second quarter. State Street Corp now owns 5,253,654 shares of the company’s stock valued at $153,861,000 after buying an additional 227,418 shares during the period. Jennison Associates LLC boosted its stake in Celsius by 2.4% in the 1st quarter. Jennison Associates LLC now owns 1,298,521 shares of the company’s stock valued at $46,072,000 after purchasing an additional 30,327 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Celsius in the second quarter valued at about $43,040,000. Janus Henderson Group PLC grew its position in shares of Celsius by 35.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,058,503 shares of the company’s stock worth $37,565,000 after purchasing an additional 276,369 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Celsius by 1.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,203,942 shares of the company’s stock valued at $35,251,000 after buying an additional 21,025 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.
More Celsius News
Here are the key news stories impacting Celsius this week:
- Positive Sentiment: Third-quarter earnings were $0.41 per share versus $0.34 expected, and revenue of $847.2 million topped the $800.6 million consensus estimate, rising 16.8% year over year. Alani Nu and international sales helped drive growth. CELH Q3 Earnings Top Estimates as Alani Nu Drives Revenue Growth
- Positive Sentiment: The company is targeting longer-term growth through a new three-brand operating structure and expects non-U.S. revenue to exceed 15% of total revenue within five years. Celsius outlines international revenue goal and new brand-led units
- Neutral Sentiment: Analyst target changes were mixed: Needham raised its target to $40, while B. Riley and Stifel lowered theirs to $53 and $36, respectively, even as B. Riley reaffirmed its Buy rating. Stifel lowers Celsius price target
- Negative Sentiment: Flagship CELSIUS brand weakness, commodity inflation and margin pressure temper the strong sales report and could complicate the company’s recovery plans. CELH Q3 Earnings Call Highlights Alani Nu Growth and Margin Pressure
Celsius Company Profile
Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.
Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.
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