Celsius (NASDAQ:CELH) Price Target Raised to $50.00

Celsius (NASDAQ:CELH) had its target price increased by Stifel Nicolaus from $47.00 to $50.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on CELH. Needham & Company LLC lifted their price target on Celsius from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their price target on Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on Celsius from $39.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. TD Cowen upgraded Celsius from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $55.00 in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded Celsius from a “sell” rating to a “hold” rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Celsius Price Performance

Shares of Celsius stock opened at $45.34 on Tuesday. The business’s fifty day moving average price is $43.33 and its two-hundred day moving average price is $35.27. The company has a market capitalization of $11.69 billion, a P/E ratio of 141.69, a PEG ratio of 1.64 and a beta of 1.45. Celsius has a 1-year low of $21.10 and a 1-year high of $48.47.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. During the same period in the previous year, the firm earned $0.27 EPS. Celsius’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer owned 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 762,974 shares of company stock worth $35,158,418. 2.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in Celsius by 16.9% during the second quarter. Nisa Investment Advisors LLC now owns 62,117 shares of the company’s stock valued at $2,882,000 after purchasing an additional 9,000 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Celsius by 2.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 25,576 shares of the company’s stock valued at $1,186,000 after purchasing an additional 659 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in Celsius during the second quarter valued at $6,534,000. Shaker Investments LLC OH acquired a new stake in Celsius during the second quarter valued at $2,053,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Celsius during the second quarter valued at $225,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

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.