Celsius (NASDAQ:CELH) Earns Buy Rating from Needham & Company LLC

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They currently have a $38.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 31.94% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Roth Mkm cut their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. JPMorgan Chase & Co. began coverage on shares of Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. UBS Group lowered their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Stock Performance

Shares of CELH stock opened at $28.80 on Monday. Celsius has a 52-week low of $25.23 and a 52-week high of $99.62. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 3.44 and a beta of 1.79. The firm’s 50-day moving average is $28.64 and its 200-day moving average is $37.02.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s 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 transaction, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a 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

Several institutional investors and hedge funds have recently made changes to their positions in CELH. Massachusetts Financial Services Co. MA boosted its holdings in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring 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 buying an additional 1,072,859 shares during the period. MIG Capital LLC acquired a new stake in Celsius during the 3rd quarter worth about $30,358,000. Dimensional Fund Advisors LP grew its holdings in Celsius by 86.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after acquiring an additional 460,227 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Celsius in the 2nd quarter valued at about $20,024,000. Institutional investors and hedge funds 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.