Brokerages Set Celsius Holdings, Inc. (NASDAQ:CELH) Target Price at $47.00

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) has earned an average rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $47.00.

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Stifel Nicolaus decreased their target price on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Truist Financial raised Celsius from a "hold" rating to a "buy" rating and increased their price objective for the stock from $35.00 to $45.00 in a report on Monday, March 31st. LADENBURG THALM/SH SH dropped their price target on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Piper Sandler raised their price objective on shares of Celsius from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday, April 17th.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company's stock, valued at approximately $543,947.82. This represents a 17.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.55% of the company's stock.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HM Payson & Co. increased its position in Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Celsius in the 1st quarter valued at $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the 1st quarter worth approximately $34,000. S.A. Mason LLC raised its stake in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after buying an additional 700 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 acquiring an additional 750 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Trading Up 2.6%

Shares of CELH stock traded up $0.94 during mid-day trading on Friday, reaching $37.04. The stock had a trading volume of 7,341,031 shares, compared to its average volume of 8,016,974. The company has a market cap of $9.55 billion, a P/E ratio of 84.18, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. The business has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $30.17. Celsius has a 12-month low of $21.10 and a 12-month high of $94.99.

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