Celsius (NASDAQ:CELH) Stock Price Expected to Rise, Truist Financial Analyst Says

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

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their target price on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Roth Mkm reiterated a "buy" rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $47.00 price target on shares of Celsius in a research note on Thursday, May 29th. LADENBURG THALM/SH SH cut their price objective on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $47.22.

Celsius Price Performance

Shares of NASDAQ:CELH traded up $0.52 on Friday, hitting $40.60. The company's stock had a trading volume of 6,217,674 shares, compared to its average volume of 8,085,001. Celsius has a 1 year low of $21.10 and a 1 year high of $75.11. The company has a market capitalization of $10.46 billion, a PE ratio of 92.27, a PEG ratio of 2.90 and a beta of 1.65. The company has a 50-day simple moving average of $36.70 and a 200 day simple moving average of $30.75.

Celsius (NASDAQ:CELH - Get Free Report) last announced its 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). The company had revenue of $329.28 million during the quarter, compared to analysts' expectations of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, equities research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

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. Company insiders own 2.55% of the company's stock.

Institutional Trading of Celsius

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Celsius by 30.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 26,804 shares of the company's stock worth $955,000 after purchasing an additional 6,250 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Celsius during the first quarter valued at about $647,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Celsius by 14.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 433,241 shares of the company's stock worth $15,432,000 after buying an additional 53,844 shares in the last quarter. United Services Automobile Association bought a new position in Celsius in the first quarter worth about $334,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Celsius in the first quarter worth about $254,000. 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.