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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $49.94.

A number of research firms recently commented on CELH. Truist Financial upped their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. UBS Group decreased their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday. B. Riley decreased their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler cut their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Large investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius in the third quarter valued at $34,000. Signaturefd LLC boosted its stake in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after acquiring an additional 630 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius in the third quarter valued at $39,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of Celsius stock opened at $27.23 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.79 and a beta of 1.79. The stock’s 50 day simple moving average is $28.09 and its 200-day simple moving average is $34.85. Celsius has a 1-year low of $25.23 and a 1-year high of $99.62.

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.