Brokerages Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $50.28

Celsius Holdings, Inc. (NASDAQ:CELH) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $50.28.

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Maxim Group dropped their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, LADENBURG THALM/SH SH dropped their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st.

Celsius Price Performance

NASDAQ CELH opened at $26.46 on Wednesday. The stock has a market capitalization of $6.22 billion, a PE ratio of 36.75, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius has a 1 year low of $25.23 and a 1 year high of $99.62. The company’s 50 day simple moving average is $29.11 and its two-hundred day simple moving average is $38.41.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its position in Celsius by 7.3% during the third quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock worth $8,922,000 after buying an additional 19,387 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Celsius during the 3rd quarter worth approximately $734,000. Tidal Investments LLC grew its holdings in shares of Celsius by 58.9% in the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after acquiring an additional 8,215 shares during the period. TD Private Client Wealth LLC increased its stake in Celsius by 66.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock valued at $103,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Celsius by 479.6% during the third quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock worth $3,252,000 after purchasing an additional 85,809 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.