Celsius Holdings Inc. (NASDAQ:CELH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Celsius Holdings Inc. (NASDAQ:CELH) has been given an average rating of “Moderate Buy” by the twenty-five analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $62.95.

CELH has been the topic of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Mizuho raised their target price on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Morgan Stanley set a $70.00 price target on Celsius in a report on Tuesday, September 30th. Cowen reaffirmed a “buy” rating on shares of Celsius in a research report on Tuesday, September 2nd. Finally, Piper Sandler lifted their price target on shares of Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, September 8th.

Insider Buying and Selling

In related news, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the transaction, the chief financial officer owned 99,227 shares of the company’s stock, valued at approximately $6,449,755. This trade represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hal Kravitz acquired 10,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, with a total value of $452,400.00. Following the completion of the purchase, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. The trade was a 4.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management increased its position in Celsius by 7.6% in the third quarter. Spire Wealth Management now owns 2,547 shares of the company’s stock worth $146,000 after buying an additional 180 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Celsius by 0.6% in the third quarter. KLP Kapitalforvaltning AS now owns 33,100 shares of the company’s stock valued at $1,903,000 after purchasing an additional 200 shares during the period. TriaGen Wealth Management LLC raised its holdings in Celsius by 1.4% during the 3rd quarter. TriaGen Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $910,000 after acquiring an additional 218 shares during the period. Quadrant Capital Group LLC grew its position in shares of Celsius by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 18,459 shares of the company’s stock valued at $1,061,000 after purchasing an additional 238 shares in the last quarter. Finally, MGB Wealth Management LLC increased its position in shares of Celsius by 3.8% during the third quarter. MGB Wealth Management LLC now owns 6,900 shares of the company’s stock valued at $397,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Down 2.5%

Shares of NASDAQ CELH opened at $43.21 on Wednesday. Celsius has a 52-week low of $21.10 and a 52-week high of $66.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89. The company’s 50 day moving average price is $52.07 and its 200-day moving average price is $50.28. The company has a market capitalization of $11.14 billion, a P/E ratio of 432.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The firm had revenue of $725.11 million during the quarter, compared to the consensus estimate of $703.68 million. The firm’s revenue was up 172.9% on a year-over-year basis. Equities analysts forecast that Celsius will post 0.89 earnings per share for the current year.

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.