Stifel Nicolaus Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Key Points

• Stifel Nicolaus raised Celsius' target price from $47.00 to $50.00, indicating a potential upside of 6.79% from its current price, and maintains a "buy" rating on the stock.
• Several other analysts, including Citigroup and Needham & Company, have also issued "buy" ratings with price targets as high as $55.00, amidst a general positive outlook for the stock.
• Celsius reported a 7.4% year-over-year revenue decline in its latest quarterly earnings, alongside an EPS of $0.18, which missed expectations by $0.02.

Celsius (NASDAQ:CELH - Get Free Report) had its price objective lifted by stock analysts at Stifel Nicolaus from $47.00 to $50.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 7.43% from the company's previous close.

CELH has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Needham & Company LLC upped their target price on shares of Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Piper Sandler increased their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Truist Financial increased their price objective on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $47.28.

Celsius Stock Down 1.9%

NASDAQ:CELH traded down $0.90 during trading hours on Tuesday, reaching $46.54. The company had a trading volume of 3,871,509 shares, compared to its average volume of 4,180,829. The business's 50-day simple moving average is $43.13 and its two-hundred day simple moving average is $35.14. Celsius has a twelve month low of $21.10 and a twelve month high of $48.47. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 145.44, a P/E/G ratio of 1.68 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly 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). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. During the same period in the previous year, the business earned $0.27 earnings per share. Celsius's revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that Celsius will post 0.89 earnings per share for the current year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the sale, the chief executive officer directly owned 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $47.00, for a total transaction of $4,700,000.00. Following the completion of the sale, the insider directly owned 17,917,770 shares in the company, valued at approximately $842,135,190. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 762,974 shares of company stock valued at $35,158,418 in the last ninety days. Company insiders own 2.55% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CELH. Westside Investment Management Inc. acquired a new position in shares of Celsius during the 1st quarter worth about $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius during the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the period. UMB Bank n.a. boosted its position in Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the period. Finally, Fifth Third Bancorp boosted its position in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after buying an additional 666 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.