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

Celsius (NASDAQ:CELH - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

A number of other equities analysts also recently weighed in on the stock. Truist Financial raised their target price on shares of Celsius from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, June 6th. LADENBURG THALM/SH SH lowered their price target on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus initiated coverage on shares of Celsius in a research note on Thursday, June 12th. They set a "buy" rating and a $47.00 price objective for the company. Piper Sandler boosted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and raised their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $45.18.

Celsius Price Performance

NASDAQ:CELH traded up $0.47 during trading hours on Friday, hitting $45.89. The company had a trading volume of 6,441,424 shares, compared to its average volume of 8,126,034. The stock has a 50-day moving average price of $38.80 and a 200 day moving average price of $32.26. The company has a market capitalization of $11.83 billion, a PE ratio of 143.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.43. Celsius has a 52 week low of $21.10 and a 52 week high of $61.25.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. Celsius's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 130,803 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the sale, the chief executive officer now directly owns 1,038,577 shares of the company's stock, valued at $46,735,965. This represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.55% of the company's stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. Alliancebernstein L.P. grew its stake in shares of Celsius by 26.3% in the 1st quarter. Alliancebernstein L.P. now owns 18,045,178 shares of the company's stock worth $642,769,000 after buying an additional 3,753,055 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in Celsius in the fourth quarter worth about $85,068,000. Contrarius Group Holdings Ltd bought a new stake in Celsius during the fourth quarter worth approximately $75,535,000. Norges Bank purchased a new stake in Celsius during the fourth quarter valued at approximately $72,579,000. Finally, Alyeska Investment Group L.P. raised its position in Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the period. Institutional investors own 60.95% of the company's stock.

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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