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

Celsius Holdings, Inc. (NASDAQ:CELH) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $45.00.

A number of equities research analysts have issued reports on CELH shares. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $45.00 in a research note on Monday, March 31st. Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. B. Riley reiterated a “buy” rating and issued a $49.00 target price (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Stifel Nicolaus dropped their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, LADENBURG THALM/SH SH cut their price target on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th.

Celsius Trading Down 4.4 %

NASDAQ CELH opened at $33.89 on Friday. The stock’s 50-day moving average price is $28.40 and its two-hundred day moving average price is $28.90. The company has a market cap of $7.97 billion, a PE ratio of 77.02, a PEG ratio of 2.90 and a beta of 1.58. Celsius has a 1 year low of $21.10 and a 1 year high of $98.85.

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

Insider Activity

In related news, Director Joyce Russell sold 4,000 shares of Celsius 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 directly owns 19,106 shares of the company’s stock, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction 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. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently modified their holdings of CELH. Janney Montgomery Scott LLC boosted its holdings in shares of Celsius by 85.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after buying an additional 26,801 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Celsius during the third quarter worth about $2,772,000. Diversified Trust Co bought a new position in shares of Celsius during the fourth quarter worth about $869,000. Bennett Selby Investments LP lifted its stake in Celsius by 392.6% in the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock valued at $1,360,000 after acquiring an additional 41,161 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in Celsius during the 4th quarter worth approximately $1,165,000. 60.95% of the stock is currently 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.