Celsius (NASDAQ:CELH) Hits New 12-Month High Following Analyst Upgrade

Key Points

• Celsius Holdings Inc. reached a new 52-week high following an upgrade from Stifel Nicolaus, which raised its price target from $47.00 to $50.00, maintaining a buy rating on the stock.
• CEO John Fieldly sold 130,803 shares of Celsius on June 24, which represents an 11.19% decrease in his ownership, while major shareholder William H. Milmoe also sold 300,000 shares recently.
• Institutional investors have increased their positions in Celsius, with hedge funds now owning 60.95% of the company's stock, reflecting growing confidence in its potential.

Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report)'s share price reached a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $44.00 to $54.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Celsius traded as high as $48.47 and last traded at $47.55, with a volume of 1476780 shares. The stock had previously closed at $46.96.

CELH has been the subject of several other research reports. Wells Fargo & Company increased their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Needham & Company LLC increased their price objective on Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Piper Sandler increased their price objective on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Stifel Nicolaus increased their price objective on Celsius from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Citigroup started coverage on Celsius in a report on Wednesday, July 23rd. They set a "buy" rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.83.

Insider Activity at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $47.00, for a total value of $4,700,000.00. Following the transaction, the insider directly owned 17,917,770 shares of the company's stock, valued at $842,135,190. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction dated Tuesday, June 10th. The stock was 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 in the company, valued at $50,353,502.80. This represents a 10.15% 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 Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management grew its position in Celsius by 41.5% during the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company's stock worth $1,065,000 after purchasing an additional 11,863 shares during the period. Fifth Third Bancorp grew its position in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the period. GAMMA Investing LLC grew its position in Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock worth $2,604,000 after purchasing an additional 71,378 shares during the period. Oppenheimer & Co. Inc. grew its position in Celsius by 14.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company's stock worth $348,000 after purchasing an additional 1,199 shares during the period. Finally, Vanguard Group Inc. grew its position in Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after purchasing an additional 345,837 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 0.9%

The firm has a 50-day simple moving average of $43.33 and a two-hundred day simple moving average of $35.27. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 140.10, a P/E/G ratio of 1.64 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. Celsius's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Equities research analysts anticipate that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.