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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.10.

Several equities research analysts recently weighed in on CELH shares. Piper Sandler raised their price objective on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Stifel Europe boosted their target price on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wedbush lifted their price target on Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Roth Mkm lifted their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Jefferies Financial Group boosted their target price on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, March 18th.

Insiders Place Their Bets

In related news, Director Caroline S. Levy sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the transaction, the director now directly owns 37,891 shares in the company, valued at approximately $3,590,930.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Celsius news, Director Caroline S. Levy sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the transaction, the director now directly owns 37,891 shares in the company, valued at approximately $3,590,930.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Deborah Desantis sold 127,838 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total transaction of $5,484,250.20. Following the transaction, the insider now owns 30,576,919 shares in the company, valued at $1,311,749,825.10. The disclosure for this sale can be found here. Insiders have sold a total of 780,433 shares of company stock worth $49,149,715 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after purchasing an additional 8,899,873 shares during the period. Wellington Management Group LLP raised its stake in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after acquiring an additional 2,306,598 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after purchasing an additional 1,934,400 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after purchasing an additional 2,261,046 shares in the last quarter. Finally, Capital International Investors grew its holdings in Celsius by 200.0% during the 4th quarter. Capital International Investors now owns 2,632,977 shares of the company’s stock worth $143,550,000 after acquiring an additional 1,755,318 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 3.2 %

Shares of NASDAQ CELH opened at $72.03 on Friday. The firm has a market cap of $16.64 billion, a P/E ratio of 93.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.86. Celsius has a 1-year low of $29.91 and a 1-year high of $99.62. The business’s 50 day moving average is $79.25 and its 200-day moving average is $64.58.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $347.44 million for the quarter, compared to analyst estimates of $326.77 million. During the same quarter last year, the company earned $0.01 EPS. The company’s revenue was up 95.2% on a year-over-year basis. Analysts forecast that Celsius will post 1.09 EPS for the current year.

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.