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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $47.78.

A number of research firms recently weighed in on CELH. Roth Mkm reissued a “buy” rating and set a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Piper Sandler reduced their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, B. Riley reaffirmed a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a research report on Friday, February 21st.

Celsius Stock Up 1.7 %

Shares of CELH opened at $27.08 on Monday. Celsius has a 12 month low of $21.10 and a 12 month high of $98.85. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 61.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The company’s fifty day moving average is $25.84 and its 200-day moving average is $29.02.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. As a group, research analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock valued at $416,517,000 after buying an additional 345,837 shares during the period. Alliancebernstein L.P. raised its holdings in Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after buying an additional 1,444,020 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after purchasing an additional 2,591,345 shares in the last quarter. State Street Corp boosted its holdings in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after acquiring an additional 165,329 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Celsius by 64.2% in the fourth quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after acquiring an additional 1,585,839 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.