Celsius Holdings, Inc. (NASDAQ:CELH) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $47.56.

Several analysts recently issued reports on CELH shares. Needham & Company LLC restated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They issued a "hold" rating and a $32.00 price target for the company. Stifel Nicolaus cut their target price on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. TD Cowen downgraded Celsius from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, UBS Group cut their target price on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, January 16th.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares of the company's stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter valued at approximately $34,000. Creative Planning boosted its position in shares of Celsius by 41.7% during the third quarter. Creative Planning now owns 30,460 shares of the company's stock valued at $955,000 after buying an additional 8,966 shares during the period. Swedbank AB boosted its position in shares of Celsius by 49.7% during the third quarter. Swedbank AB now owns 11,507 shares of the company's stock valued at $361,000 after buying an additional 3,818 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company's stock valued at $1,479,000 after buying an additional 22,786 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Celsius during the third quarter valued at approximately $72,000. Institutional investors own 60.95% of the company's stock.

Celsius Stock Down 1.4 %

Shares of NASDAQ CELH traded down $0.32 during midday trading on Thursday, hitting $22.34. 7,129,088 shares of the company's stock were exchanged, compared to its average volume of 6,806,089. Celsius has a 12 month low of $21.10 and a 12 month high of $99.62. The company's 50 day moving average price is $26.52 and its 200 day moving average price is $30.91. The firm has a market capitalization of $5.25 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78.

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.