Celsius Holdings, Inc. (NASDAQ:CELH) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) have received a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $97.00.

Separately, Credit Suisse Group cut their target price on shares of Celsius from $103.00 to $50.00 in a research note on Wednesday, January 26th.

In other Celsius news, major shareholder William H. Milmoe sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $60.04, for a total transaction of $1,200,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.19% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Ahrens Investment Partners LLC acquired a new position in shares of Celsius in the 4th quarter valued at $37,000. Manchester Capital Management LLC acquired a new position in shares of Celsius in the 3rd quarter valued at $39,000. Covestor Ltd acquired a new position in shares of Celsius in the 4th quarter valued at $45,000. US Bancorp DE boosted its holdings in shares of Celsius by 64.8% in the 3rd quarter. US Bancorp DE now owns 651 shares of the company’s stock valued at $59,000 after buying an additional 256 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Celsius by 121.4% in the 3rd quarter. Macquarie Group Ltd. now owns 755 shares of the company’s stock valued at $68,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 45.59% of the company’s stock.

Shares of CELH opened at $53.78 on Friday. Celsius has a fifty-two week low of $39.45 and a fifty-two week high of $110.22. The firm’s 50 day moving average price is $55.43 and its 200 day moving average price is $67.10. The company has a market cap of $4.05 billion, a P/E ratio of 224.08 and a beta of 2.01.

Celsius (NASDAQ:CELHGet Rating) last announced its earnings results on Tuesday, March 1st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. Celsius had a net margin of 6.12% and a return on equity of 10.83%. The firm had revenue of $104.30 million for the quarter, compared to the consensus estimate of $92.09 million. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 192.2% on a year-over-year basis. As a group, research analysts predict that Celsius will post 0.28 earnings per share for the current year.

Celsius Company Profile (Get Rating)

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, green tea/grapefruit melon, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

Further Reading

Analyst Recommendations for Celsius (NASDAQ:CELH)

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