Celsius (NASDAQ:CELH) Price Target Raised to $90.00 at Mizuho

Celsius (NASDAQ:CELH) had its price objective increased by Mizuho from $85.00 to $90.00 in a report released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on CELH. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Maxim Group raised their target price on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 8th. Citigroup reaffirmed a “buy” rating on shares of Celsius in a report on Sunday. Truist Financial raised their target price on Celsius from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company raised their target price on Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.95.

Celsius Stock Down 2.3%

Shares of CELH stock opened at $61.41 on Tuesday. The stock’s 50 day simple moving average is $50.45 and its 200 day simple moving average is $40.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius has a twelve month low of $21.10 and a twelve month high of $63.50. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 165.97, a PEG ratio of 1.43 and a beta of 1.34.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating 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 business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was up 83.9% compared to the same quarter last year. As a group, research analysts predict that Celsius will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Deborah Desantis sold 100,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the sale, the insider directly owned 17,717,770 shares in the company, valued at approximately $841,594,075. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,116,141 shares of company stock worth $52,541,605 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC acquired a new stake in Celsius in the 2nd quarter valued at $244,000. Thrivent Financial for Lutherans boosted its stake in Celsius by 12.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 41,630 shares of the company’s stock valued at $1,931,000 after buying an additional 4,709 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Celsius in the 2nd quarter valued at $298,000. Marex Group plc bought a new position in Celsius in the 2nd quarter valued at $425,000. Finally, Hudson Bay Capital Management LP bought a new position in Celsius in the 2nd quarter valued at $823,000. 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.