Stifel Nicolaus Boosts Celsius (NASDAQ:CELH) Price Target to $56.00

Celsius (NASDAQ:CELH) had its price objective raised by analysts at Stifel Nicolaus from $50.00 to $56.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 7.80% from the company’s previous close.

CELH has been the topic of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target (up previously from $55.00) on shares of Celsius in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price target on shares of Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Truist Financial raised their price objective on shares of Celsius from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.72.

Celsius Trading Up 3.7%

NASDAQ CELH opened at $51.95 on Friday. The firm’s fifty day moving average price is $44.51 and its 200 day moving average price is $36.13. Celsius has a 12 month low of $21.10 and a 12 month high of $53.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 3.04. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 140.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%. The business’s quarterly revenue was up 83.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, sell-side analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 143,167 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the sale, the chief executive officer owned 895,410 shares of the company’s stock, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the sale, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,106,141 shares of company stock valued at $51,985,705 in the last ninety days. 2.55% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Several large investors have recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the 1st quarter worth about $32,000. Summit Securities Group LLC acquired a new position in Celsius during the first quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 750 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after purchasing an additional 738 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares in the last quarter. Institutional investors and hedge funds 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.