Celsius’ (CELH) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of Celsius (NASDAQ:CELH) in a report published on Tuesday, Benzinga reports. They currently have a $68.00 price objective on the stock.

Several other brokerages also recently commented on CELH. BNP Paribas initiated coverage on Celsius in a research report on Monday, June 24th. They issued an outperform rating and a $87.00 price target on the stock. UBS Group dropped their price target on Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. TD Cowen dropped their price target on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research report on Thursday, June 13th. Stifel Nicolaus restated a buy rating and set a $65.00 price objective on shares of Celsius in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price objective on Celsius from $104.00 to $98.00 and set a buy rating on the stock in a research report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $80.22.

Celsius Price Performance

Shares of Celsius stock opened at $58.52 on Tuesday. The stock has a 50-day simple moving average of $72.28 and a 200-day simple moving average of $70.47. Celsius has a 52-week low of $45.03 and a 52-week high of $99.62. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 64.31, a P/E/G ratio of 1.62 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same period in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, equities research analysts predict that Celsius will post 1.07 earnings per share for the current year.

Insider Activity

In other news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. Insiders have sold 1,776,696 shares of company stock valued at $107,920,209 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Vanguard Group Inc. increased its holdings in shares of Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after acquiring an additional 8,899,873 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Celsius by 212.2% in the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after acquiring an additional 2,261,046 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Celsius in the fourth quarter worth about $101,116,000. 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.