Celsius Holdings Inc. (NASDAQ:CELH) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Celsius Holdings Inc. (NASDAQ:CELH) has received a consensus rating of "Moderate Buy" from 24 analysts, with the average price target set at $63.15.
• Recent insider transactions included Paul H. Storey selling 7,500 shares, and William H. Milmoe selling 40,000 shares, indicating a decrease in ownership among insiders.
• The company reported a quarterly earnings per share (EPS) of $0.47, significantly surpassing the consensus estimate of $0.23, with revenues up 83.9% year-over-year.

Shares of Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-four analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $63.15.

A number of analysts have issued reports on CELH shares. Truist Financial lifted their target price on shares of Celsius from $65.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Cowen reiterated a "buy" rating on shares of Celsius in a research note on Tuesday, September 2nd. Wall Street Zen cut shares of Celsius from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Roth Capital reiterated a "buy" rating on shares of Celsius in a research note on Thursday, October 2nd. Finally, UBS Group lifted their target price on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd.

Insiders Place Their Bets

In other news, insider Paul H. Storey sold 7,500 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total value of $456,975.00. Following the completion of the sale, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the business's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares of the company's stock, valued at $13,827,812.50. The trade was a 15.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,667 shares of company stock valued at $30,065,162 in the last three months. Company insiders own 2.20% of the company's stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nicholas Wealth LLC. lifted its stake in shares of Celsius by 11.1% in the third quarter. Nicholas Wealth LLC. now owns 33,905 shares of the company's stock worth $1,949,000 after buying an additional 3,397 shares during the last quarter. Merit Financial Group LLC increased its position in Celsius by 23.7% during the third quarter. Merit Financial Group LLC now owns 5,989 shares of the company's stock worth $344,000 after acquiring an additional 1,147 shares during the period. Calamos Advisors LLC increased its position in Celsius by 273.5% during the third quarter. Calamos Advisors LLC now owns 271,150 shares of the company's stock worth $15,588,000 after acquiring an additional 198,555 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Celsius during the third quarter worth $500,000. Finally, Encompass More Asset Management bought a new position in Celsius during the third quarter worth $882,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

CELH stock opened at $64.45 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a market cap of $16.62 billion, a P/E ratio of 174.19, a P/E/G ratio of 1.32 and a beta of 1.38. The firm has a 50 day simple moving average of $58.75 and a 200 day simple moving average of $47.21. Celsius has a 52 week low of $21.10 and a 52 week high of $66.74.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company's revenue was up 83.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Research analysts anticipate that Celsius will post 0.89 earnings per share for the current fiscal year.

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.

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