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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get 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:CELH – Get 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.

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