Celsius’ (CELH) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Celsius (NASDAQ:CELH) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $70.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Celsius in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Roth Capital restated a “buy” rating on shares of Celsius in a research report on Thursday, October 2nd. Bank of America dropped their price objective on shares of Celsius from $50.00 to $45.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $63.89.

Celsius Trading Up 3.2%

Shares of Celsius stock opened at $52.90 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. Celsius has a twelve month low of $21.10 and a twelve month high of $66.74. The firm has a market capitalization of $13.64 billion, a PE ratio of 529.00, a P/E/G ratio of 0.85 and a beta of 0.89. The firm’s 50-day moving average price is $44.73 and its 200 day moving average price is $50.97.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14. The company had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.Celsius’s revenue for the quarter was up 172.9% on a year-over-year basis. On average, sell-side analysts predict that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer directly owned 99,227 shares in the company, valued at approximately $6,449,755. The trade was a 4.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hal Kravitz bought 10,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was bought at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the transaction, the director directly owned 216,147 shares of the company’s stock, valued at $9,778,490.28. The trade was a 4.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Investment Advisory LLC purchased a new position in shares of Celsius during the 3rd quarter worth approximately $27,000. Brown Brothers Harriman & Co. boosted its position in shares of Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after buying an additional 500 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after buying an additional 738 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Celsius by 697.3% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after buying an additional 788 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Celsius by 244.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after acquiring an additional 794 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.