Brokerages Set Celsius Holdings Inc. (NASDAQ:CELH) PT at $61.95

Shares of Celsius Holdings Inc. (NASDAQ:CELH) have received an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.40.

A number of research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of Celsius in a report on Sunday, August 31st. Needham & Company LLC upped their price objective on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Jefferies Financial Group set a $72.00 target price on shares of Celsius and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Wall Street Zen downgraded Celsius from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Finally, TD Cowen upgraded Celsius from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $55.00 in a report on Monday, June 16th.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Deborah Desantis sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the transaction, the insider directly owned 17,717,770 shares of the company’s stock, valued at $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,667 shares of company stock worth $27,240,162 in the last quarter. 2.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Several institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. purchased a new position in shares of Celsius in the 1st quarter worth $32,000. Summit Securities Group LLC acquired a new stake in Celsius during the first quarter worth about $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after purchasing an additional 738 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Price Performance

CELH stock opened at $58.90 on Friday. The stock’s 50 day moving average price is $55.11 and its 200 day moving average price is $44.72. The firm has a market cap of $15.19 billion, a P/E ratio of 159.19, a PEG ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius has a 1 year low of $21.10 and a 1 year high of $63.50.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business’s revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, sell-side analysts expect that Celsius 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.