Celsius (NASDAQ:CELH) Price Target Raised to $56.00 at Morgan Stanley

Key Points

• Morgan Stanley raised its price target for Celsius (NASDAQ:CELH) from $42.00 to $56.00, indicating a potential upside of 9.65% from the previous close while maintaining an "equal weight" rating.
• Celsius reported a quarterly revenue of $739.30 million, beating expectations, and an earnings per share (EPS) of $0.47 which exceeded the consensus estimate by $0.24.
• A total of fourteen analysts have given Celsius a buy rating, reflecting strong bullish sentiment, while the stock has a current consensus rating of "Moderate Buy".

Celsius (NASDAQ:CELH - Get Free Report) had its price objective hoisted by stock analysts at Morgan Stanley from $42.00 to $56.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 9.65% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on CELH. B. Riley boosted their price target on shares of Celsius from $52.00 to $56.00 and gave the company a "buy" rating in a research report on Friday. Truist Financial lifted their price objective on Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Citigroup started coverage on Celsius in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $55.00 target price for the company. Stifel Nicolaus increased their price target on shares of Celsius from $50.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Needham & Company LLC boosted their target price on Celsius from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.61.

Celsius Stock Up 1.9%

Shares of NASDAQ CELH traded up $0.95 during midday trading on Friday, hitting $51.07. The stock had a trading volume of 6,202,193 shares, compared to its average volume of 8,235,913. The stock has a 50 day simple moving average of $44.23 and a 200-day simple moving average of $35.88. Celsius has a 1 year low of $21.10 and a 1 year high of $53.85. The company has a market capitalization of $13.16 billion, a PE ratio of 159.33, a P/E/G ratio of 1.49 and a beta of 1.40.

Celsius (NASDAQ:CELH - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.24. The company had revenue of $739.30 million during the quarter, compared to analysts' expectations of $632.13 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The firm's quarterly revenue was up 83.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. As a group, analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Fieldly sold 132,171 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the transaction, the chief executive officer owned 1,169,380 shares of the company's stock, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 962,974 shares of company stock worth $44,658,418. 2.55% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its stake in shares of Celsius by 1,476.0% during the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock worth $37,000 after buying an additional 738 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Celsius in the 1st quarter valued at $32,000. Summit Securities Group LLC acquired a new stake in shares of Celsius during the first quarter worth $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after purchasing an additional 750 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Celsius by 939.8% during the 2nd quarter. Huntington National Bank now owns 1,175 shares of the company's stock worth $55,000 after buying an additional 1,062 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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