Celsius (NASDAQ:CELH) Price Target Increased to $215.00 by Analysts at Piper Sandler

Celsius (NASDAQ:CELH) had its price objective raised by Piper Sandler from $185.00 to $215.00 in a report published on Tuesday morning, Marketbeat reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on the company. UBS Group lifted their target price on Celsius from $130.00 to $160.00 in a report on Friday, June 2nd. LADENBURG THALM/SH SH boosted their price objective on Celsius from $110.00 to $122.00 in a research report on Wednesday, May 10th. Stifel Nicolaus boosted their price objective on Celsius from $165.00 to $191.00 and gave the company a buy rating in a research report on Wednesday, August 9th. Maxim Group cut Celsius from a buy rating to a hold rating in a research report on Wednesday, July 19th. Finally, Stephens boosted their price objective on Celsius from $180.00 to $200.00 in a research report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $164.80.

Celsius Stock Up 3.1 %

Celsius stock opened at $187.81 on Tuesday. Celsius has a 52 week low of $78.25 and a 52 week high of $188.88. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of -98.33 and a beta of 1.82. The stock has a 50-day moving average price of $156.00 and a 200 day moving average price of $123.34.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, August 8th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.26. Celsius had a positive return on equity of 66.52% and a negative net margin of 11.60%. The firm had revenue of $325.88 million during the quarter, compared to the consensus estimate of $277.19 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue was up 111.6% compared to the same quarter last year. Research analysts anticipate that Celsius will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, Director Alexandre Ruberti sold 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $175.25, for a total transaction of $701,000.00. Following the transaction, the director now owns 15,805 shares of the company’s stock, valued at $2,769,826.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Celsius news, Director Alexandre Ruberti sold 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $175.25, for a total transaction of $701,000.00. Following the transaction, the director now owns 15,805 shares of the company’s stock, valued at $2,769,826.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hoi Shuen Solina Holly Chau sold 350,976 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $142.46, for a total value of $50,000,040.96. Following the transaction, the insider now directly owns 7,980,323 shares in the company, valued at approximately $1,136,876,814.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 873,608 shares of company stock worth $141,962,128. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust acquired a new position in shares of Celsius in the 2nd quarter valued at $30,000. Covestor Ltd lifted its stake in shares of Celsius by 146.5% in the 2nd quarter. Covestor Ltd now owns 212 shares of the company’s stock valued at $32,000 after purchasing an additional 126 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Celsius by 85.7% in the 2nd quarter. Stephens Inc. AR now owns 234 shares of the company’s stock valued at $35,000 after purchasing an additional 108 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Celsius in the 4th quarter valued at $27,000. Finally, Money Concepts Capital Corp acquired a new position in shares of Celsius in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 60.32% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.