Celsius (NASDAQ:CELH) Price Target Raised to $55.00

Celsius (NASDAQ:CELH - Free Report) had its price target lifted by Truist Financial from $50.00 to $55.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Piper Sandler boosted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the company from $37.00 to $55.00 in a report on Monday, June 16th. Needham & Company LLC boosted their target price on shares of Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a report on Thursday. Roth Capital restated a "buy" rating and issued a $52.00 target price (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.94.

Celsius Trading Up 0.8%

Shares of NASDAQ CELH traded up $0.38 during midday trading on Monday, reaching $45.47. 4,547,362 shares of the stock were exchanged, compared to its average volume of 8,115,613. The company has a market capitalization of $11.72 billion, a P/E ratio of 142.10, a P/E/G ratio of 1.60 and a beta of 1.45. Celsius has a 52-week low of $21.10 and a 52-week high of $57.48. The stock has a 50 day moving average price of $40.94 and a 200-day moving average price of $33.62.

Celsius (NASDAQ:CELH - Get Free Report) last issued 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 firm had revenue of $329.28 million for the quarter, compared to analysts' expectations of $349.09 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts forecast that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the sale, the insider owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. The trade was a 11.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 562,974 shares of company stock valued at $25,758,418. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently modified their holdings of CELH. Alliancebernstein L.P. grew its position in Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock valued at $642,769,000 after buying an additional 3,753,055 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in Celsius in the 4th quarter valued at about $85,068,000. Contrarius Group Holdings Ltd acquired a new stake in Celsius in the 4th quarter valued at about $75,535,000. Norges Bank acquired a new stake in Celsius in the 4th quarter valued at about $72,579,000. Finally, Alyeska Investment Group L.P. lifted its holdings in Celsius by 60.5% in the 4th 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 last quarter. 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.