Celsius (NASDAQ:CELH) Sets New 52-Week High Following Analyst Upgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price hit a new 52-week high during trading on Tuesday after Piper Sandler raised their price target on the stock from $185.00 to $215.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as high as $186.38 and last traded at $185.82, with a volume of 140632 shares. The stock had previously closed at $182.13.

CELH has been the subject of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of Celsius from $165.00 to $191.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. LADENBURG THALM/SH SH boosted their price target on shares of Celsius from $110.00 to $122.00 in a report on Wednesday, May 10th. Maxim Group lowered shares of Celsius from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. UBS Group boosted their price objective on shares of Celsius from $130.00 to $160.00 in a research note on Friday, June 2nd. Finally, Wedbush boosted their target price on shares of Celsius from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.80.

Insider Activity

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

Hedge Funds Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in shares of Celsius in the fourth quarter valued at about $27,000. Money Concepts Capital Corp acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $28,000. IFP Advisors Inc increased its stake in Celsius by 24.2% in the second quarter. IFP Advisors Inc now owns 6,135 shares of the company’s stock valued at $29,000 after purchasing an additional 1,196 shares during the period. Parkside Financial Bank & Trust purchased a new stake in Celsius during the 2nd quarter valued at approximately $30,000. Finally, National Bank of Canada FI raised its stake in shares of Celsius by 52.9% during the second quarter. National Bank of Canada FI now owns 321 shares of the company’s stock worth $31,000 after purchasing an additional 111 shares during the last quarter. 60.32% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

The business’s 50-day moving average is $156.00 and its two-hundred day moving average is $123.34. The stock has a market capitalization of $14.44 billion, a PE ratio of -98.33 and a beta of 1.82.

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

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.