Celsius (NASDAQ:CELH) Earns “Buy” Rating from B. Riley

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research note issued to investors on Friday,Benzinga reports. They currently have a $49.00 target price on the stock, up from their previous target price of $44.00. B. Riley’s target price would suggest a potential upside of 53.87% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. Piper Sandler cut their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.67.

Celsius Price Performance

NASDAQ CELH traded up $6.32 during mid-day trading on Friday, reaching $31.85. The stock had a trading volume of 24,768,180 shares, compared to its average volume of 9,067,364. The stock has a market cap of $7.48 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.96 and a beta of 1.78. The company has a fifty day moving average price of $26.00 and a 200 day moving average price of $30.43. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a return on equity of 59.40% and a net margin of 15.61%. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. As a group, equities research analysts expect that Celsius will post 0.67 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Celsius by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock valued at $416,517,000 after buying an additional 345,837 shares during the period. Alliancebernstein L.P. lifted its position in shares of Celsius by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after purchasing an additional 1,444,020 shares during the period. Alyeska Investment Group L.P. boosted its stake in shares of Celsius by 60.5% during the fourth 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. State Street Corp raised its stake in Celsius by 3.2% in the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after buying an additional 165,329 shares in the last quarter. Finally, FMR LLC lifted its holdings in Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after buying an additional 1,585,839 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.