Celsius (NASDAQ:CELH) Price Target Raised to $50.00

Celsius (NASDAQ:CELH - Free Report) had its price objective increased by Truist Financial from $45.00 to $50.00 in a research report sent to investors on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts also recently weighed in on CELH. Piper Sandler boosted their target price on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. B. Riley restated a "buy" rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. UBS Group boosted their target price on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. LADENBURG THALM/SH SH dropped their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $47.00 target price on shares of Celsius in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.22.

Celsius Stock Performance

NASDAQ CELH traded up $1.68 during trading hours on Friday, hitting $42.28. The company had a trading volume of 11,449,342 shares, compared to its average volume of 8,122,047. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 96.09, a PEG ratio of 2.90 and a beta of 1.43. The firm has a 50 day simple moving average of $36.80 and a 200 day simple moving average of $30.88. Celsius has a 52 week low of $21.10 and a 52 week high of $71.00.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly 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). The firm had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. On average, research analysts forecast that Celsius will post 0.89 earnings per share for the current year.

Insider Activity at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Blue Trust Inc. raised its holdings in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock valued at $47,000 after acquiring an additional 441 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Celsius by 46.9% in the fourth quarter. DAVENPORT & Co LLC now owns 30,181 shares of the company's stock worth $795,000 after purchasing an additional 9,642 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Celsius by 5.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock worth $587,000 after purchasing an additional 1,100 shares during the period. SOA Wealth Advisors LLC. grew its stake in Celsius by 100.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 4,000 shares of the company's stock worth $105,000 after purchasing an additional 2,000 shares during the period. Finally, Stephens Investment Management Group LLC grew its stake in Celsius by 0.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 583,852 shares of the company's stock worth $15,379,000 after purchasing an additional 4,579 shares during the period. Institutional investors 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.