Celsius (NASDAQ:CELH) Price Target Increased to $230.00 by Analysts at B. Riley

Celsius (NASDAQ:CELH) had its price objective lifted by B. Riley from $190.00 to $230.00 in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Stephens increased their price target on shares of Celsius from $180.00 to $200.00 in a report on Wednesday, August 9th. Stifel Nicolaus raised their target price on shares of Celsius from $165.00 to $191.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Wedbush raised their price objective on shares of Celsius from $155.00 to $180.00 and gave the company an outperform rating in a research note on Wednesday, August 9th. Bank of America lifted their price target on shares of Celsius from $165.00 to $180.00 in a research note on Wednesday, August 9th. Finally, UBS Group boosted their price objective on shares of Celsius from $130.00 to $160.00 in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $173.80.

Celsius Stock Up 0.9 %

CELH opened at $201.13 on Tuesday. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of -105.30 and a beta of 1.78. Celsius has a twelve month low of $78.25 and a twelve month high of $206.85. The company’s 50-day moving average price is $166.05 and its two-hundred day moving average price is $130.73.

Celsius (NASDAQ:CELH) last announced its quarterly 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. Celsius had a negative net margin of 11.60% and a positive return on equity of 66.52%. The company had revenue of $325.88 million for the quarter, compared to analysts’ expectations of $277.19 million. During the same period in the prior year, the company posted $0.12 EPS. Celsius’s revenue was up 111.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Nicholas Castaldo sold 55,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $181.58, for a total transaction of $9,986,900.00. Following the completion of the transaction, the director now owns 110,491 shares in the company, valued at $20,062,955.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Celsius news, Director Nicholas Castaldo sold 55,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $181.58, for a total transaction of $9,986,900.00. Following the completion of the transaction, the director now owns 110,491 shares in the company, valued at $20,062,955.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hoi Shuen Solina Holly Chau sold 300,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $175.00, for a total transaction of $52,500,000.00. Following the transaction, the insider now owns 7,680,323 shares of the company’s stock, valued at approximately $1,344,056,525. The disclosure for this sale can be found here. Insiders sold a total of 522,632 shares of company stock worth $91,962,087 over the last three months. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB grew its holdings in Celsius by 10.7% during the 1st quarter. Handelsbanken Fonder AB now owns 11,400 shares of the company’s stock worth $1,060,000 after acquiring an additional 1,100 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Celsius by 5.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,240 shares of the company’s stock worth $649,000 after buying an additional 332 shares during the last quarter. Simplicity Solutions LLC raised its position in Celsius by 432.9% during the 1st quarter. Simplicity Solutions LLC now owns 12,133 shares of the company’s stock worth $1,128,000 after buying an additional 9,856 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Celsius by 81.9% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 984 shares of the company’s stock worth $102,000 after buying an additional 443 shares during the last quarter. Finally, Boulder Hill Capital Management LP purchased a new position in shares of Celsius during the 1st quarter valued at approximately $372,000. Hedge funds and other institutional investors own 60.32% of the company’s stock.

Celsius Company Profile

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.