Wall Street Zen Upgrades Celsius (NASDAQ:CELH) to "Hold"

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

Several other research analysts have also weighed in on CELH. Needham & Company LLC boosted their price objective on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. TD Cowen upgraded shares of Celsius from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, UBS Group upped their price target on shares of Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $45.65.

Celsius Price Performance

NASDAQ:CELH traded down $0.09 on Friday, hitting $45.09. 4,514,261 shares of the company's stock were exchanged, compared to its average volume of 8,129,876. The firm has a 50-day moving average price of $40.94 and a 200-day moving average price of $33.58. Celsius has a 52 week low of $21.10 and a 52 week high of $57.48. The company has a market cap of $11.62 billion, a P/E ratio of 140.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share 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 return on equity of 42.12% and a net margin of 8.40%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, research analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 130,803 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total value of $5,886,135.00. Following the completion of the sale, the chief executive officer owned 1,038,577 shares of the company's stock, valued at $46,735,965. The trade was a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the sale, the insider directly owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 562,974 shares of company stock valued at $25,758,418 in the last three months. Insiders own 2.55% of the company's stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in CELH. Triumph Capital Management lifted its stake in Celsius by 41.5% in the 4th quarter. Triumph Capital Management now owns 40,420 shares of the company's stock valued at $1,065,000 after purchasing an additional 11,863 shares during the last quarter. Fifth Third Bancorp lifted its stake in Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after purchasing an additional 666 shares during the last quarter. GAMMA Investing LLC lifted its stake in Celsius by 4,164.4% in the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock valued at $2,604,000 after purchasing an additional 71,378 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Celsius by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after purchasing an additional 614 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Celsius by 14.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company's stock valued at $348,000 after purchasing an additional 1,199 shares during the last quarter. 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.