Celsius (NASDAQ:CELH) Earns Equal Weight Rating from Morgan Stanley

Celsius (NASDAQ:CELH)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a note issued to investors on Thursday,Benzinga reports. They presently have a $42.00 price objective on the stock. Morgan Stanley’s price objective indicates a potential upside of 53.51% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Needham & Company LLC started coverage on Celsius in a research note on Friday, December 6th. They issued a “buy” rating and a $38.00 price target for the company. Truist Financial upped their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Finally, Roth Mkm decreased their target price on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Stock Up 2.3 %

Shares of Celsius stock opened at $27.36 on Thursday. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The stock’s 50-day simple moving average is $29.35 and its 200-day simple moving average is $38.76. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 3.44 and a beta of 1.76.

Insider Activity

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

Hedge Funds Weigh In On Celsius

A number of large investors have recently bought and sold shares of CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius in the 3rd quarter valued at about $34,000. Signaturefd LLC boosted its holdings 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 purchasing an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the period. Finally, Activest Wealth Management bought a new stake in Celsius during the 3rd quarter valued at $39,000. 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.