Celsius (NASDAQ:CELH) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Celsius from “Sell” to “Hold,” while broader analyst sentiment remains “Moderate Buy” with an average price target of $43.38.
• Celsius shares opened at $26.75, down 2.4%, and remain well below their 52-week high of $66.74. The company’s latest quarterly results missed expectations, with EPS of $0.36 versus $0.41 expected and revenue of $817.93 million versus $870.08 million forecast.
• Insiders purchased 66,000 shares worth approximately $1.83 million during the latest quarter, while institutional investors own about 60.95% of Celsius stock.

Celsius (NASDAQ:CELH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Celsius from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Needham & Company LLC cut their target price on shares of Celsius from $55.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Stifel Nicolaus set a $37.00 target price on shares of Celsius in a research note on Friday, August 7th. UBS Group set a $44.00 price target on shares of Celsius and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Roth Capital reissued a "buy" rating and set a $48.00 price target on shares of Celsius in a research report on Friday, August 7th. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Celsius currently has an average rating of "Moderate Buy" and an average price target of $43.38.

Celsius Trading Down 2.4%

Shares of CELH opened at $26.75 on Friday. The business has a 50-day moving average of $29.46 and a 200 day moving average of $31.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. Celsius has a fifty-two week low of $23.56 and a fifty-two week high of $66.74. The firm has a market cap of $6.77 billion, a P/E ratio of 111.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $817.93 million during the quarter, compared to analysts' expectations of $870.08 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, research analysts forecast that Celsius will post 1.43 EPS for the current year.

Insider Activity at Celsius

In related news, Director Hal Kravitz acquired 12,000 shares of Celsius stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of $28.00 per share, with a total value of $336,000.00. Following the transaction, the director owned 239,158 shares in the company, valued at $6,696,424. This trade represents a 5.28% increase in their ownership of the stock. The transaction 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 firm's stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $27.44 per share, with a total value of $493,920.00. Following the completion of the acquisition, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This represents a 1.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 66,000 shares of company stock worth $1,830,120 over the last quarter. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celsius

A number of large investors have recently modified their holdings of the stock. Ranger Investment Management L.P. bought a new stake in Celsius during the 2nd quarter valued at approximately $13,629,000. Fifth Third Bancorp grew its holdings in shares of Celsius by 4,648.1% during the 1st quarter. Fifth Third Bancorp now owns 92,873 shares of the company's stock worth $3,295,000 after acquiring an additional 90,917 shares during the period. Maven Securities LTD bought a new position in shares of Celsius in the 2nd quarter worth approximately $1,192,000. Sovran Advisors LLC bought a new position in shares of Celsius in the 1st quarter worth approximately $1,895,000. Finally, Wealth High Governance Asset Management Ltda. lifted its stake in shares of Celsius by 89.8% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 209,246 shares of the company's stock valued at $7,424,000 after purchasing an additional 98,984 shares during the period. Institutional investors own 60.95% of the company's stock.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.

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