Piper Sandler Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Celsius (NASDAQ:CELH - Get Free Report) had its target price hoisted by research analysts at Piper Sandler from $44.00 to $45.00 in a note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 10.84% from the stock's previous close.

CELH has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus cut their price target on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. UBS Group increased their target price on Celsius from $43.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $47.00 price target on shares of Celsius in a report on Thursday, May 29th. Finally, B. Riley restated a "buy" rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.22.

Celsius Trading Up 1.3%

Celsius stock traded up $0.52 during midday trading on Wednesday, hitting $40.60. The stock had a trading volume of 6,217,674 shares, compared to its average volume of 8,108,428. The business has a fifty day moving average price of $36.80 and a 200 day moving average price of $30.84. Celsius has a 12 month low of $21.10 and a 12 month high of $71.00. The stock has a market cap of $10.46 billion, a P/E ratio of 92.27, a P/E/G ratio of 2.90 and a beta of 1.43.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company's stock, valued at $543,947.82. The trade was a 17.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.55% of the company's stock.

Institutional Trading of Celsius

Several large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. purchased a new stake in Celsius in the 1st quarter worth about $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius in the first quarter worth approximately $34,000. HM Payson & Co. lifted its position in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the period. Finally, UMB Bank n.a. grew its position in Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after purchasing an additional 844 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

About Celsius

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.