Celsius Holdings, Inc. (NASDAQ:CELH) Receives $47.78 Consensus PT from Brokerages

Celsius Holdings, Inc. (NASDAQ:CELH) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $47.78.

Several equities research analysts have commented on the company. Piper Sandler dropped their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Needham & Company LLC boosted their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Roth Mkm reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Friday, February 21st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th.

Celsius Stock Up 1.7 %

NASDAQ CELH opened at $27.08 on Monday. Celsius has a twelve month low of $21.10 and a twelve month high of $98.85. The firm has a market capitalization of $6.37 billion, a PE ratio of 61.55, a P/E/G ratio of 2.90 and a beta of 1.90. The stock’s 50 day moving average is $25.84 and its 200 day moving average is $28.88.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $326.07 million. On average, research analysts anticipate that Celsius will post 0.89 earnings per share for the current year.

Insider Activity at Celsius

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

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after acquiring an additional 26,801 shares during the period. Van ECK Associates Corp boosted its stake in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. boosted its stake in shares of Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in shares of Celsius in the third quarter worth about $2,772,000. Hedge funds and other 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.