Celsius (NASDAQ:CELH) Price Target Raised to $75.00 at B. Riley

Celsius (NASDAQ:CELH) had its price objective lifted by B. Riley from $56.00 to $75.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Mizuho increased their price target on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of Celsius in a report on Sunday. Bank of America raised their target price on Celsius from $35.00 to $40.00 and gave the company an “underperform” rating in a report on Friday, August 8th. Roth Capital reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, Jefferies Financial Group set a $64.00 target price on Celsius and gave the company a “buy” rating in a report on Friday. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.95.

Celsius Trading Down 2.3%

Shares of NASDAQ:CELH opened at $61.41 on Tuesday. The company has a market capitalization of $15.84 billion, a P/E ratio of 165.97, a P/E/G ratio of 1.43 and a beta of 1.34. Celsius has a 1 year low of $21.10 and a 1 year high of $63.50. 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 business’s 50 day simple moving average is $50.45 and its 200 day simple moving average is $40.38.

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

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 300,000 shares of the 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 completion of the transaction, the insider directly owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 895,410 shares of the company’s stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,116,141 shares of company stock valued at $52,541,605 over the last quarter. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Triumph Capital Management raised its position in Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company’s stock worth $1,065,000 after purchasing an additional 11,863 shares during the last quarter. Fifth Third Bancorp raised its position in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after purchasing an additional 666 shares during the last quarter. GAMMA Investing LLC raised its position in Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company’s stock worth $2,604,000 after purchasing an additional 71,378 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Celsius by 14.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company’s stock worth $348,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Celsius by 21.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,517 shares of the company’s stock worth $1,621,000 after purchasing an additional 8,009 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

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.