Truist Financial Upgrades Celsius (NASDAQ:CELH) to Buy

Truist Financial upgraded shares of Celsius (NASDAQ:CELH) from a hold rating to a buy rating in a report released on Monday morning, Marketbeat Ratings reports. They currently have $45.00 target price on the stock, up from their previous target price of $35.00.

Other equities analysts have also issued reports about the company. UBS Group decreased their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price target 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. B. Riley restated a “buy” rating and set a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. Finally, Piper Sandler dropped their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Celsius Stock Up 5.9 %

Shares of NASDAQ CELH opened at $35.62 on Monday. Celsius has a twelve month low of $21.10 and a twelve month high of $98.85. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 80.96, a P/E/G ratio of 2.90 and a beta of 1.90. The company’s fifty day moving average is $27.03 and its 200-day moving average is $28.79.

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

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul H. Storey sold 10,188 shares of the firm’s 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 completion of the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. The trade was a 18.36 % 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 insiders.

Institutional Investors Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after buying an additional 26,801 shares during the period. iA Global Asset Management Inc. acquired a new position in Celsius in the 3rd quarter valued at about $2,772,000. Diversified Trust Co bought a new position in Celsius in the 4th quarter valued at about $869,000. Finally, Bennett Selby Investments LP lifted its position in Celsius by 392.6% during the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock worth $1,360,000 after acquiring an additional 41,161 shares during the last quarter. 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.