Celsius (NASDAQ:CELH) Rating Increased to Buy at TD Cowen

TD Cowen upgraded shares of Celsius (NASDAQ:CELH - Free Report) from a hold rating to a buy rating in a report released on Monday morning, MarketBeat reports. The firm currently has $55.00 target price on the stock, up from their prior target price of $37.00.

A number of other analysts have also weighed in on the company. LADENBURG THALM/SH SH lowered their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Truist Financial raised their target price on Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. raised 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. Wells Fargo & Company raised their target price on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus initiated coverage on Celsius in a research note on Thursday. They issued a "buy" rating and a $47.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.24.

Celsius Stock Up 5.7%

Celsius stock traded up $2.33 during mid-day trading on Monday, hitting $43.49. 8,907,616 shares of the company were exchanged, compared to its average volume of 8,089,485. The business has a fifty day moving average of $37.45 and a 200 day moving average of $31.34. Celsius has a 1-year low of $21.10 and a 1-year high of $64.19. The company has a market capitalization of $11.21 billion, a PE ratio of 98.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.43.

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

Insider Transactions at Celsius

In other 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 now directly owns 1,169,380 shares in the company, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.55% of the company's stock.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently modified their holdings of CELH. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Westside Investment Management Inc. acquired a new position in shares of Celsius in the 1st quarter valued at approximately $32,000. Summit Securities Group LLC acquired a new position in shares of Celsius in the 1st quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Celsius by 255.1% in the 1st 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 period. Finally, Knuff & Co LLC acquired a new position in shares of Celsius in the 4th quarter valued at approximately $50,000. 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.