Celsius (NASDAQ:CELH) Trading 5.3% Higher Following Analyst Upgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price was up 5.3% during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $40.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Celsius traded as high as $35.15 and last traded at $35.68. Approximately 1,191,763 shares traded hands during trading, a decline of 84% from the average daily volume of 7,619,480 shares. The stock had previously closed at $33.89.

CELH has been the topic of several other research reports. Piper Sandler lowered their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.29.

Insider Transactions at Celsius

In other Celsius 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 transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. lifted its holdings in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 550 shares during the period. S.A. Mason LLC raised its position in shares of Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after acquiring an additional 750 shares during the period. GAMMA Investing LLC boosted its holdings in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

The stock has a market cap of $8.76 billion, a P/E ratio of 84.66, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The firm’s fifty day simple moving average is $28.88 and its 200-day simple moving average is $28.98.

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

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.