Celsius Holdings Inc. (NASDAQ:CELH) Receives $47.24 Consensus Price Target from Analysts

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $47.24.

Several equities analysts have issued reports on CELH shares. Wells Fargo & Company lifted their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group lifted their target price on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Stifel Nicolaus started coverage on Celsius in a research note on Thursday, June 12th. They set a "buy" rating and a $47.00 price target on the stock. LADENBURG THALM/SH SH dropped their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Piper Sandler boosted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th.

Insider Buying and Selling

In related news, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the sale, the chief executive officer now owns 1,169,380 shares of the company's stock, valued at $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.55% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CELH. Alliancebernstein L.P. lifted 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 acquiring an additional 3,753,055 shares during the period. Champlain Investment Partners LLC acquired a new position in Celsius in the fourth quarter valued at approximately $85,068,000. Contrarius Group Holdings Ltd acquired a new position in Celsius in the fourth quarter valued at approximately $75,535,000. Norges Bank acquired a new position in Celsius in the fourth quarter valued at approximately $72,579,000. Finally, Alyeska Investment Group L.P. lifted its holdings in Celsius by 60.5% in 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 acquiring an additional 2,591,345 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 0.2%

Shares of Celsius stock traded down $0.09 during trading on Wednesday, hitting $44.07. 6,730,019 shares of the stock traded hands, compared to its average volume of 8,092,934. The stock's fifty day simple moving average is $37.91 and its 200 day simple moving average is $31.62. Celsius has a 52-week low of $21.10 and a 52-week high of $64.19. The firm has a market cap of $11.36 billion, a P/E ratio of 137.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. During the same quarter last year, the firm earned $0.27 EPS. Celsius's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts expect that Celsius will post 0.89 EPS for the current 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.