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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $47.00.

Several research firms have recently weighed in on CELH. Roth Mkm restated a "buy" rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Needham & Company LLC lifted their target price on shares of Celsius from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. B. Riley reaffirmed a "buy" rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Truist Financial raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price target for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. Finally, Piper Sandler upped their price objective on shares of Celsius from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, April 17th.

Celsius Trading Down 2.8%

Shares of CELH stock traded down $1.02 during trading hours on Friday, hitting $36.02. The company's stock had a trading volume of 2,708,154 shares, compared to its average volume of 7,996,461. The stock has a market cap of $9.28 billion, a PE ratio of 81.92, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius has a 12-month low of $21.10 and a 12-month high of $94.99. The company has a 50 day moving average of $36.22 and a 200 day moving average of $30.22.

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

Insider Transactions at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was 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 in the company, valued at $543,947.82. The trade was a 17.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently made changes to their positions in CELH. Alliancebernstein L.P. boosted its holdings in Celsius by 26.3% in the first quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after purchasing an additional 3,753,055 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in Celsius during the 4th quarter worth $85,068,000. Contrarius Group Holdings Ltd acquired a new stake in shares of Celsius in the fourth quarter valued at $75,535,000. Norges Bank purchased a new position in Celsius in the 4th quarter worth about $72,579,000. Finally, Alyeska Investment Group L.P. raised its position in Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after buying an additional 2,591,345 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

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.