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

Key Points

• Celsius Holdings Inc. shares reached a new 12-month high of $63.68 after an upgrade by Bank of America, raising its price target from $40 to $55.
• Nineteen analysts have rated Celsius with a Buy recommendation, reflecting strong confidence in the company's future prospects.
• Insiders have sold over 560,000 shares of Celsius stock in the last ninety days, indicating a potential shift in ownership dynamics.

Shares of Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) hit a new 52-week high during mid-day trading on Thursday after Bank of America raised their price target on the stock from $40.00 to $55.00. Bank of America currently has an underperform rating on the stock. Celsius traded as high as $63.68 and last traded at $63.66, with a volume of 295851 shares. The stock had previously closed at $62.91.

Other equities research analysts also recently issued research reports about the stock. Citigroup reaffirmed a "buy" rating on shares of Celsius in a research note on Sunday, August 31st. Stifel Nicolaus increased their price objective on shares of Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Truist Financial raised their target price on shares of Celsius from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, September 8th. UBS Group lifted their price objective on shares of Celsius from $64.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and an average target price of $63.15.

Insider Activity at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares in the company, valued at approximately $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were 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 of the company's stock, valued at approximately $841,594,075. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 560,667 shares of company stock worth $27,240,162 in the last ninety days. Insiders own 2.55% of the company's stock.

Institutional Trading of Celsius

A number of large investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. bought a new position in Celsius during the first quarter worth about $32,000. Summit Securities Group LLC bought a new stake in Celsius during the first quarter valued at approximately $34,000. 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 acquiring an additional 738 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after buying an additional 844 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 244.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company's stock worth $52,000 after buying an additional 794 shares during the period. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Trading Up 0.4%

The firm has a market cap of $16.29 billion, a P/E ratio of 170.56, a PEG ratio of 1.36 and a beta of 1.38. The firm's fifty day moving average is $56.19 and its two-hundred day moving average is $45.51. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. The firm had revenue of $739.30 million for the quarter, compared to analysts' expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company's quarterly revenue was up 83.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal 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.

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