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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $57.64.

CELH has been the subject of a number of analyst reports. Truist Financial lowered their price target on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, September 6th. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Roth Mkm cut their price target on shares of Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Wedbush decreased their price objective on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after purchasing an additional 324,049 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Celsius in the fourth quarter valued at approximately $242,000. LRI Investments LLC purchased a new position in Celsius during the first quarter valued at approximately $134,000. Coldstream Capital Management Inc. increased its holdings in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after acquiring an additional 2,589 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Celsius in the 1st quarter worth approximately $563,000. 60.95% of the stock is owned by institutional investors.

Celsius Price Performance

Shares of NASDAQ CELH opened at $33.17 on Monday. The company has a 50-day moving average price of $40.38 and a 200-day moving average price of $63.61. The stock has a market capitalization of $7.73 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.46 and a beta of 1.85. Celsius has a 1 year low of $31.55 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same quarter in the previous year, the business earned $0.17 EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. As a group, equities research analysts anticipate that Celsius will post 0.83 earnings per share for the current fiscal year.

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.