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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $64.79.

A number of research analysts recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $65.00 target price on shares of Celsius in a report on Tuesday, July 9th. Truist Financial lowered their price target on Celsius from $60.00 to $45.00 and set a “hold” rating for the company in a report on Friday, August 9th. Piper Sandler decreased their target price on Celsius from $90.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Maxim Group dropped their target price on Celsius from $90.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, B. Riley decreased their price target on Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $38.09 on Thursday. The firm’s 50 day moving average price is $48.44 and its 200 day moving average price is $67.84. The firm has a market cap of $8.88 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. Celsius has a 1 year low of $36.17 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. As a group, equities analysts predict that Celsius will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd boosted its position in Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Celsius by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after acquiring an additional 181 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after acquiring an additional 181 shares during the period. Bleakley Financial Group LLC grew its position in Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares during the period. 60.95% of the stock is owned by institutional investors.

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.