Celsius Holdings, Inc. (NASDAQ:CELH) Receives $56.93 Average Price Target from Brokerages

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $57.29.

A number of equities analysts recently commented on CELH shares. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 target price for the company. Piper Sandler dropped their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Bank of America reduced their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. UBS Group lowered their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday.

Celsius Trading Down 4.7 %

CELH stock opened at $32.18 on Friday. The firm’s 50-day moving average price is $34.83 and its two-hundred day moving average price is $56.36. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 2.29 and a beta of 1.84. Celsius has a 12-month low of $28.20 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same quarter in the previous year, the business earned $0.17 EPS. Celsius’s revenue was up 23.4% compared to the same quarter last year. Equities analysts predict that Celsius will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently made changes to their positions in CELH. Covestor Ltd lifted its position in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after buying an additional 181 shares during the last quarter. Bleakley Financial Group LLC increased its holdings 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 buying an additional 215 shares in the last quarter. Tidal Investments LLC raised its position in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after buying an additional 249 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Celsius by 62.5% during the 1st quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock valued at $57,000 after acquiring an additional 265 shares during the period. Hedge funds and other institutional investors 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.