Celsius (NASDAQ:CELH) Receives New Coverage from Analysts at Truist Financial

Truist Financial initiated coverage on shares of Celsius (NASDAQ:CELH) in a research report released on Tuesday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $60.00 target price on the stock.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus decreased their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating on the stock in a report on Wednesday, June 12th. Wedbush lowered their price target on shares of Celsius from $85.00 to $83.00 and set an outperform rating for the company in a report on Wednesday, June 12th. Morgan Stanley reduced their price objective on Celsius from $75.00 to $68.00 and set an equal weight rating on the stock in a report on Wednesday, June 12th. Maxim Group lowered their target price on Celsius from $110.00 to $90.00 and set a buy rating for the company in a research note on Tuesday, June 18th. Finally, Bank of America upped their price target on Celsius from $80.00 to $84.00 and gave the company a neutral rating in a research note on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $81.82.

Celsius Price Performance

Shares of CELH opened at $57.09 on Tuesday. The company has a market capitalization of $13.31 billion, a P/E ratio of 62.74, a PEG ratio of 1.63 and a beta of 1.93. Celsius has a one year low of $45.03 and a one year high of $99.62. The business’s 50 day simple moving average is $75.00 and its 200-day simple moving average is $70.04.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that Celsius will post 1.07 EPS for the current fiscal year.

Insider Activity

In related news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the transaction, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Insiders sold 1,776,696 shares of company stock valued at $107,920,209 in the last quarter. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently made changes to their positions in CELH. First Trust Advisors LP lifted its holdings in shares of Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares in the last quarter. Brown Advisory Inc. bought a new stake in Celsius in the 4th quarter valued at approximately $242,000. Coldstream Capital Management Inc. boosted its position in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after acquiring an additional 2,589 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of Celsius during the 4th quarter worth approximately $917,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Celsius by 215.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after purchasing an additional 332,980 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

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.