Celsius (NASDAQ:CELH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Celsius stock has been upgraded by multiple analysts, including Wall Street Zen, TD Cowen, and UBS Group, indicating a shift from a "hold" to a "buy" rating, with target prices ranging from $51.72 to $64.00.
• The company's recent earnings report showed a significant 83.9% year-over-year revenue growth, with EPS of $0.47 surpassing expectations.
• Insider trading activity is notable, with CEO John Fieldly selling over 143,000 shares, while institutional investors own approximately 60.95% of the company's stock.

Celsius (NASDAQ:CELH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on CELH. Truist Financial raised their target price on Celsius from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Piper Sandler increased their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Roth Capital reaffirmed a "buy" rating and issued a $52.00 price target (up previously from $46.00) on shares of Celsius in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. increased their price target on Celsius from $44.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.28.

Celsius Price Performance

Shares of NASDAQ CELH traded up $0.11 during midday trading on Friday, hitting $54.11. The stock had a trading volume of 6,211,731 shares, compared to its average volume of 8,287,777. The company has a market capitalization of $13.95 billion, a PE ratio of 146.03, a P/E/G ratio of 1.80 and a beta of 1.40. The stock has a 50 day simple moving average of $44.83 and a 200-day simple moving average of $36.40. Celsius has a 1 year low of $21.10 and a 1 year high of $55.87. 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 released its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%. The business's quarterly revenue was up 83.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, sell-side analysts expect that Celsius will post 0.89 EPS for the current fiscal year.

Insider Transactions at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,111,141 shares of company stock worth $52,241,605 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds have recently bought and sold shares of CELH. Hantz Financial Services Inc. boosted its position in Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company's stock valued at $37,000 after buying an additional 738 shares during the period. Westside Investment Management Inc. acquired a new position in Celsius during the 1st quarter worth $32,000. Summit Securities Group LLC acquired a new position in Celsius during the 1st quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its stake in Celsius by 255.1% during the 1st 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 in the last quarter. Finally, Huntington National Bank grew its stake 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 purchasing an additional 1,062 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

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.