Brokerages Set Celsius Holdings Inc. (NASDAQ:CELH) Price Target at $52.28

Key Points

• Celsius Holdings Inc. has received an average rating of "Moderate Buy" from nineteen brokerages, with fifteen analysts issuing buy ratings and one rating the stock as a sell.
• The company's most recent earnings report showed an EPS of $0.47, exceeding expectations and reflecting an increase in revenue of 83.9% year-over-year to $739.30 million.
• Insider sales were notable, with CFO Jarrod Langhans selling 5,000 shares for $300,000 and CEO John Fieldly selling 143,167 shares valued at over $7.3 million, reflecting a trend of insider trading activity.

Shares of Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.3684.

Several brokerages have commented on CELH. Stephens reaffirmed an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Stifel Nicolaus lifted their target price on Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday. Maxim Group lifted their target price on Celsius from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen downgraded Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Mizuho lifted their target price on Celsius from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday.

Insiders Place Their Bets

In other news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value 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. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,116,141 shares of company stock valued at $52,541,605 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. increased its position in Celsius by 3.4% in the 2nd quarter. Alliancebernstein L.P. now owns 18,662,921 shares of the company's stock valued at $865,773,000 after buying an additional 617,743 shares in the last quarter. Ameriprise Financial Inc. increased its position in Celsius by 20.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company's stock valued at $114,587,000 after buying an additional 426,623 shares in the last quarter. Invesco Ltd. increased its position in Celsius by 1.8% in the 1st quarter. Invesco Ltd. now owns 2,394,811 shares of the company's stock valued at $85,303,000 after buying an additional 42,997 shares in the last quarter. Holocene Advisors LP increased its position in Celsius by 130.6% in the 2nd quarter. Holocene Advisors LP now owns 2,108,041 shares of the company's stock valued at $97,792,000 after buying an additional 1,193,707 shares in the last quarter. Finally, MIG Capital LLC increased its position in Celsius by 42.7% in the 1st quarter. MIG Capital LLC now owns 1,575,939 shares of the company's stock valued at $56,135,000 after buying an additional 471,287 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

Shares of NASDAQ CELH traded down $0.34 during mid-day trading on Monday, hitting $60.76. 2,610,491 shares of the stock traded hands, compared to its average volume of 8,069,603. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius has a twelve month low of $21.10 and a twelve month high of $63.50. The company has a market cap of $15.67 billion, a PE ratio of 164.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The firm has a 50 day simple moving average of $50.76 and a two-hundred day simple moving average of $40.52.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The business's quarterly revenue was up 83.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts forecast that Celsius will post 0.89 EPS for the current fiscal year.

About Celsius

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.