Stifel Nicolaus Initiates Coverage on Celsius (NASDAQ:CELH)

Equities researchers at Stifel Nicolaus began coverage on shares of Celsius (NASDAQ:CELH - Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $47.00 price target on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 11.96% from the company's current price.

CELH has been the subject of several other research reports. Wells Fargo & Company raised their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. LADENBURG THALM/SH SH lowered their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. B. Riley restated a "buy" rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. UBS Group increased their target price on shares of Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Roth Mkm reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.78.

Celsius Price Performance

Shares of CELH traded down $0.09 during mid-day trading on Thursday, reaching $41.98. The stock had a trading volume of 4,162,921 shares, compared to its average volume of 8,089,692. Celsius has a 52-week low of $21.10 and a 52-week high of $64.19. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 95.41, a P/E/G ratio of 2.90 and a beta of 1.43. The business's fifty day moving average is $37.17 and its 200 day moving average is $31.12.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. As a group, sell-side analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the sale, the chief executive officer now owns 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.55% of the company's stock.

Hedge Funds Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. HM Payson & Co. lifted its stake in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after acquiring an additional 550 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Celsius during the 1st quarter worth $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius during the 1st quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Celsius by 255.1% during the first 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 in the last quarter. Finally, Knuff & Co LLC purchased a new position in Celsius in the fourth quarter valued at $50,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.