Celsius (NASDAQ:CELH) Stock Price Expected to Rise, Truist Financial Analyst Says

Celsius (NASDAQ:CELH) had its price objective upped by analysts at Truist Financial from $55.00 to $65.00 in a note issued to investors on Monday, August 11th, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 6.21% from the company’s previous close.

A number of other brokerages have also recently commented on CELH. JPMorgan Chase & Co. lifted their price target on Celsius from $44.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. B. Riley restated a “buy” rating and issued a $56.00 price target (up previously from $52.00) on shares of Celsius in a research note on Friday, August 8th. Morgan Stanley lifted their price target on Celsius from $42.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. TD Cowen upgraded Celsius from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, Bank of America boosted their price objective on Celsius from $35.00 to $40.00 and gave the stock an “underperform” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.28.

Celsius Stock Performance

CELH traded up $3.90 on Monday, reaching $61.20. 9,451,383 shares of the stock were exchanged, compared to its average volume of 8,265,270. The company’s 50-day moving average price is $46.13 and its 200 day moving average price is $37.27. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $61.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a market capitalization of $15.79 billion, a PE ratio of 165.41, a PEG ratio of 1.31 and a beta of 1.40.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $255,900.00. Following the transaction, the chief financial officer directly owned 109,227 shares in the company, valued at $5,590,237.86. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,111,141 shares of company stock valued at $52,241,605. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Celsius by 1,476.0% during the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after purchasing an additional 738 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the first quarter valued at $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius in the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB raised its stake 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. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after acquiring an additional 794 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.