Roth Mkm Reaffirms Buy Rating for Celsius (NASDAQ:CELH)

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reiterated by stock analysts at Roth Mkm in a note issued to investors on Friday,Benzinga reports. They presently have a $38.00 target price on the stock. Roth Mkm’s target price points to a potential upside of 14.64% from the company’s previous close.

Other equities analysts have also issued reports about the company. B. Riley reaffirmed a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a research note on Friday. Stifel Nicolaus reduced their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Morgan Stanley restated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. UBS Group cut their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

Celsius Price Performance

Shares of CELH traded up $7.62 during trading hours on Friday, hitting $33.15. The stock had a trading volume of 31,328,141 shares, compared to its average volume of 9,298,006. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 45.88, a P/E/G ratio of 2.96 and a beta of 1.78. Celsius has a 52 week low of $21.10 and a 52 week high of $99.62. The company’s fifty day moving average is $26.00 and its two-hundred day moving average is $30.43.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 59.40% and a net margin of 15.61%. Equities analysts predict that Celsius will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently bought and sold shares of the company. HM Payson & Co. boosted its stake in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Signaturefd LLC raised its stake in shares of Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. S.A. Mason LLC boosted its holdings in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares in the last quarter. Activest Wealth Management bought a new stake in Celsius during the 3rd quarter worth approximately $39,000. Finally, Blue Trust Inc. increased its holdings in Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.