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

Shares of Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $97.00.

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

Shares of Celsius stock opened at $53.78 on Friday. Celsius has a 1 year low of $39.45 and a 1 year high of $110.22. The firm has a market cap of $4.05 billion, a PE ratio of 224.08 and a beta of 2.01. The company has a 50 day simple moving average of $55.43 and a two-hundred day simple moving average of $67.10.

Celsius (NASDAQ:CELHGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $92.09 million. During the same quarter last year, the company posted $0.02 EPS. The business’s quarterly revenue was up 192.2% on a year-over-year basis. Analysts anticipate that Celsius will post 0.28 EPS for the current year.

In related news, major shareholder William H. Milmoe sold 20,000 shares of Celsius stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $60.04, for a total value of $1,200,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.19% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ahrens Investment Partners LLC purchased a new stake in Celsius during the 4th quarter valued at about $37,000. Manchester Capital Management LLC purchased a new stake in shares of Celsius during the third quarter valued at approximately $39,000. Covestor Ltd bought a new position in shares of Celsius in the fourth quarter worth approximately $45,000. US Bancorp DE increased its stake in shares of Celsius by 64.8% in the third quarter. US Bancorp DE now owns 651 shares of the company’s stock worth $59,000 after buying an additional 256 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Celsius by 121.4% in the third quarter. Macquarie Group Ltd. now owns 755 shares of the company’s stock worth $68,000 after buying an additional 414 shares during the period. Hedge funds and other institutional investors own 45.59% of the company’s stock.

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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