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

Celsius Holdings, Inc. (NASDAQ:CELH) has earned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $47.56.

Several research firms have recently weighed in on CELH. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. UBS Group cut their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Roth Mkm dropped their target price on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, LADENBURG THALM/SH SH reduced their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Contrarius Group Holdings Ltd acquired a new position in Celsius during the fourth quarter worth $75,535,000. Norges Bank purchased a new position in shares of Celsius during the 4th quarter worth $72,579,000. Raymond James Financial Inc. acquired a new position in shares of Celsius during the 4th quarter valued at about $61,160,000. SG Americas Securities LLC grew its holdings in shares of Celsius by 10,320.0% in the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock valued at $376,455,000 after purchasing an additional 1,444,020 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Down 3.4 %

Shares of CELH stock opened at $21.28 on Thursday. Celsius has a twelve month low of $21.10 and a twelve month high of $99.62. The stock has a market cap of $5.00 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.44 and a beta of 1.78. The stock has a 50 day moving average of $26.90 and a 200 day moving average of $31.31.

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.