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

Celsius Holdings, Inc. (NASDAQ:CELH) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.40.

A number of analysts have recently commented on the company. Piper Sandler cut their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Stifel Nicolaus reduced their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Truist Financial lifted their price objective on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th.

Celsius Stock Up 0.3 %

NASDAQ:CELH opened at $28.45 on Friday. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The stock’s 50-day moving average price is $30.35 and its 200-day moving average price is $46.18. The stock has a market capitalization of $6.69 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.86.

Insider Buying and Selling

In other Celsius 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 value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently modified their holdings of CELH. Massachusetts Financial Services Co. MA boosted its holdings in Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the last quarter. MIG Capital LLC acquired a new stake in Celsius during the third quarter worth $30,358,000. Bank of New York Mellon Corp raised its position in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after purchasing an additional 460,227 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.