Celsius (NASDAQ:CELH) Price Target Raised to $77.00 at JPMorgan Chase & Co.

Celsius (NASDAQ:CELH) had its price target lifted by JPMorgan Chase & Co. from $68.00 to $77.00 in a report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on CELH. Citigroup lowered their target price on shares of Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Stifel Nicolaus lowered their price objective on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target on shares of Celsius in a report on Wednesday, January 7th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Celsius Stock Performance

Shares of CELH opened at $53.37 on Thursday. The business’s fifty day simple moving average is $47.06 and its two-hundred day simple moving average is $51.81. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Celsius has a 12 month low of $21.10 and a 12 month high of $66.74. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 533.70, a P/E/G ratio of 0.88 and a beta of 0.89.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $703.68 million. The company’s quarterly revenue was up 172.9% compared to the same quarter last year. Research analysts anticipate that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hal Kravitz purchased 10,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $45.24 per share, with a total value of $452,400.00. Following the completion of the acquisition, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CELH. IFM Investors Pty Ltd purchased a new stake in Celsius in the 1st quarter worth approximately $1,275,000. Royal Bank of Canada boosted its position in shares of Celsius by 79.2% in the first quarter. Royal Bank of Canada now owns 257,666 shares of the company’s stock worth $9,179,000 after purchasing an additional 113,840 shares during the period. NewEdge Advisors LLC increased its stake in shares of Celsius by 131.5% in the first quarter. NewEdge Advisors LLC now owns 23,166 shares of the company’s stock worth $825,000 after purchasing an additional 13,159 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Celsius by 14.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 433,241 shares of the company’s stock valued at $15,432,000 after purchasing an additional 53,844 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Celsius by 35.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,446 shares of the company’s stock valued at $113,000 after purchasing an additional 642 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.