Needham & Company LLC Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Celsius (NASDAQ:CELH) had its price objective upped by Needham & Company LLC from $35.00 to $40.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price indicates a potential upside of 24.38% from the stock’s current price.

A number of other equities analysts also recently issued reports on CELH. Roth Capital reiterated a “buy” rating and issued a $48.00 price target on shares of Celsius in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Celsius in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Celsius from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Thursday, August 27th. Stephens decreased their price target on Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Citigroup lowered their price target on Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.39.

Celsius Stock Up 7.1%

CELH opened at $32.16 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 1.42. The business has a 50 day simple moving average of $28.75 and a 200-day simple moving average of $34.13. The stock has a market capitalization of $8.14 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.35 and a beta of 1.00. Celsius has a 12 month low of $23.56 and a 12 month high of $59.31.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Celsius had a return on equity of 37.00% and a net margin of 10.01%. The firm had revenue of $847.23 million for the quarter, compared to the consensus estimate of $800.63 million. During the same period in the previous year, the business earned ($0.27) earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities analysts anticipate that Celsius will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Damon DeSantis acquired 16,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $27.95 per share, with a total value of $447,200.00. Following the purchase, the director directly owned 2,728,187 shares in the company, valued at $76,252,826.65. The trade was a 0.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly acquired 18,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the acquisition, the chief executive officer owned 956,063 shares in the company, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 66,000 shares of company stock valued at $1,830,120. Insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently bought and sold shares of the stock. Heritage Family Offices LLP acquired a new position in Celsius during the third quarter worth approximately $25,000. Hartford Financial Management Inc. acquired a new position in shares of Celsius in the 3rd quarter valued at $27,000. Continuum Advisory LLC acquired a new position in shares of Celsius in the 2nd quarter valued at $31,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the 1st quarter worth $56,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Celsius during the 1st quarter worth $69,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius News Roundup

Here are the key news stories impacting Celsius this week:

• Positive Sentiment: Third-quarter earnings were $0.41 per share versus $0.34 expected, and revenue of $847.2 million topped the $800.6 million consensus estimate, rising 16.8% year over year. Alani Nu and international sales helped drive growth. CELH Q3 Earnings Top Estimates as Alani Nu Drives Revenue Growth
• Positive Sentiment: The company is targeting longer-term growth through a new three-brand operating structure and expects non-U.S. revenue to exceed 15% of total revenue within five years. Celsius outlines international revenue goal and new brand-led units
• Neutral Sentiment: Analyst target changes were mixed: Needham raised its target to $40, while B. Riley and Stifel lowered theirs to $53 and $36, respectively, even as B. Riley reaffirmed its Buy rating. Stifel lowers Celsius price target
• Negative Sentiment: Flagship CELSIUS brand weakness, commodity inflation and margin pressure temper the strong sales report and could complicate the company’s recovery plans. CELH Q3 Earnings Call Highlights Alani Nu Growth and Margin Pressure

Celsius Company Profile

Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.

Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.