Research Analysts Issue Forecasts for Celsius Holdings, Inc.’s Q1 2024 Earnings (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) – Equities research analysts at Wedbush issued their Q1 2024 earnings estimates for shares of Celsius in a report issued on Thursday, March 2nd. Wedbush analyst G. Pascarelli anticipates that the company will earn $0.30 per share for the quarter. Wedbush has a “Outperform” rating on the stock. The consensus estimate for Celsius’ current full-year earnings is $1.18 per share. Wedbush also issued estimates for Celsius’ Q2 2024 earnings at $0.35 EPS, Q3 2024 earnings at $0.41 EPS, Q4 2024 earnings at $0.44 EPS and FY2024 earnings at $1.50 EPS.

Several other research analysts also recently weighed in on CELH. UBS Group dropped their target price on shares of Celsius from $129.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. B. Riley increased their price objective on shares of Celsius from $130.00 to $140.00 in a report on Thursday, November 10th. Credit Suisse Group raised shares of Celsius from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $110.00 to $120.00 in a report on Tuesday. TheStreet raised shares of Celsius from a “d+” rating to a “c” rating in a report on Friday, December 9th. Finally, Bank of America began coverage on shares of Celsius in a report on Friday, January 6th. They set a “neutral” rating and a $104.00 price objective for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.88.

Celsius Stock Performance

Shares of Celsius stock opened at $94.78 on Friday. The company has a market capitalization of $7.22 billion, a P/E ratio of -36.18 and a beta of 1.85. The company has a fifty day moving average of $98.94 and a 200 day moving average of $98.71. Celsius has a fifty-two week low of $38.31 and a fifty-two week high of $122.24.

Insider Activity

In related news, major shareholder William H. Milmoe sold 30,000 shares of the stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $107.30, for a total value of $3,219,000.00. Following the sale, the insider now directly owns 64,415 shares of the company’s stock, valued at approximately $6,911,729.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in Celsius by 224.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 311 shares of the company’s stock worth $28,000 after purchasing an additional 215 shares during the period. Money Concepts Capital Corp purchased a new stake in Celsius in the 4th quarter worth about $28,000. IFP Advisors Inc increased its position in shares of Celsius by 19.7% during the fourth quarter. IFP Advisors Inc now owns 4,185 shares of the company’s stock worth $38,000 after acquiring an additional 690 shares during the period. Quadrant Capital Group LLC increased its position in shares of Celsius by 437.6% during the third quarter. Quadrant Capital Group LLC now owns 457 shares of the company’s stock worth $41,000 after acquiring an additional 372 shares during the period. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of Celsius during the third quarter worth approximately $42,000. 67.50% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.