Needham & Company LLC Boosts Celsius (NASDAQ:CELH) Price Target to $47.00

Celsius (NASDAQ:CELH) had its price target boosted by Needham & Company LLC from $45.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 19.32% from the company’s previous close.

A number of other research analysts also recently issued reports on CELH. B. Riley reissued a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Roth Mkm reissued a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. Piper Sandler boosted their price objective on Celsius from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 17th. Finally, TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $39.39 on Thursday. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 89.52, a P/E/G ratio of 2.90 and a beta of 1.65. The business’s 50-day moving average is $35.17 and its 200-day moving average is $29.92. Celsius has a 1 year low of $21.10 and a 1 year high of $98.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Analysts anticipate that Celsius will post 0.89 EPS for the current year.

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.55% of the company’s stock.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently modified their holdings of the stock. HM Payson & Co. raised its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of Celsius in the first quarter valued at approximately $32,000. Summit Securities Group LLC bought a new position in shares of Celsius in the first quarter valued at approximately $34,000. S.A. Mason LLC grew its holdings in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after acquiring an additional 750 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.