Celsius (NASDAQ:CELH) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius (NASDAQ:CELH) in a research report released on Thursday, Marketbeat Ratings reports. The firm issued a hold rating and a $32.00 price objective on the stock.

A number of other analysts have also weighed in on the stock. UBS Group reduced their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. 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 note on Thursday, November 7th. Roth Mkm reduced their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday. They issued an “overweight” rating and a $37.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.28.

Celsius Stock Performance

NASDAQ:CELH opened at $31.79 on Thursday. The firm has a market cap of $7.47 billion, a P/E ratio of 44.15, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a 50-day simple moving average of $30.05 and a two-hundred day simple moving average of $41.44.

Hedge Funds Weigh In On Celsius

Institutional investors and hedge funds have recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius during the third quarter valued at approximately $34,000. Signaturefd LLC lifted its holdings in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in Celsius during the third quarter valued at approximately $39,000. 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.