Celsius Holdings Inc. (NASDAQ:CELH) Given Average Rating of “Moderate Buy” by Brokerages

Celsius Holdings Inc. (NASDAQ:CELH) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $52.2778.

Several research analysts recently commented on CELH shares. Stifel Nicolaus boosted their price target on Celsius from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wells Fargo & Company boosted their price target on Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Piper Sandler boosted their price target on Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Bank of America boosted their price target on Celsius from $35.00 to $40.00 and gave the stock an “underperform” rating in a research note on Friday, August 8th. Finally, Truist Financial boosted their price target on Celsius from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, August 11th.

Celsius Price Performance

Shares of NASDAQ CELH opened at $62.88 on Monday. Celsius has a 1-year low of $21.10 and a 1-year high of $63.50. The business has a 50-day moving average of $49.73 and a 200-day moving average of $39.95. 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 company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 169.95, a PEG ratio of 1.43 and a beta of 1.33.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $632.13 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s revenue was up 83.9% compared to the same quarter last year. On average, equities analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the sale, the chief executive officer owned 895,410 shares in the company, valued at $45,827,083.80. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,116,141 shares of company stock worth $52,541,605. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds have recently added to or reduced their stakes in CELH. Westside Investment Management Inc. acquired a new stake in shares of Celsius during the 1st quarter worth approximately $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the period. Hantz Financial Services Inc. raised its position in shares of Celsius by 1,476.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after purchasing an additional 738 shares during the period. Finally, UMB Bank n.a. raised its position 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 during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.