Celsius Holdings Inc. (NASDAQ:CELH) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Celsius, with 14 buy, five hold and two sell ratings. The average 12-month price target is $43.38, well above the stock’s reported $27.52 price.
• Recent quarterly results fell short of expectations: Celsius reported $0.36 in EPS versus a $0.41 estimate and revenue of $817.93 million versus $870.08 million expected, although revenue increased 10.6% year over year.
• Insider and institutional ownership remains notable. Insiders bought 66,000 shares worth $1.83 million in the past quarter, while institutional investors and hedge funds own 60.95% of the company.

Shares of Celsius Holdings Inc. (NASDAQ:CELH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $43.38.

Several research firms have recently issued reports on CELH. Stifel Nicolaus set a $37.00 target price on shares of Celsius in a research note on Friday, August 7th. Morgan Stanley set a $42.00 price target on Celsius and gave the stock an "overweight" rating in a report on Friday, August 7th. Wall Street Zen upgraded Celsius from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group set a $44.00 price objective on Celsius and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Stephens dropped their price objective on Celsius from $65.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, August 10th.

Insider Activity

In related news, Director Damon DeSantis purchased 20,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of $27.65 per share, with a total value of $553,000.00. Following the purchase, the director owned 2,712,187 shares of the company's stock, valued at $74,991,970.55. The trade was a 0.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Fieldly purchased 18,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of $27.44 per share, with a total value of $493,920.00. Following the acquisition, the chief executive officer owned 956,063 shares in the company, valued at $26,234,368.72. This represents a 1.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 66,000 shares of company stock worth $1,830,120 in the last quarter. Corporate insiders own 2.33% of the company's stock.

Institutional Trading of Celsius

Several institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Celsius by 4.5% during the second quarter. State Street Corp now owns 5,253,654 shares of the company's stock worth $153,861,000 after purchasing an additional 227,418 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Celsius by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 126,289 shares of the company's stock valued at $3,698,000 after buying an additional 7,010 shares in the last quarter. Tidal Investments LLC boosted its holdings in Celsius by 10.4% in the 2nd quarter. Tidal Investments LLC now owns 8,640 shares of the company's stock worth $253,000 after buying an additional 812 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Celsius in the 2nd quarter worth about $744,000. Finally, Engineers Gate Manager LP increased its stake in Celsius by 470.8% during the 2nd quarter. Engineers Gate Manager LP now owns 87,492 shares of the company's stock worth $2,562,000 after buying an additional 72,163 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Stock Performance

CELH opened at $27.52 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. The firm has a fifty day moving average price of $29.43 and a 200 day moving average price of $31.01. Celsius has a 1 year low of $23.56 and a 1 year high of $66.74. The stock has a market cap of $6.96 billion, a P/E ratio of 114.67, a P/E/G ratio of 1.87 and a beta of 1.01.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm had revenue of $817.93 million for the quarter, compared to analyst estimates of $870.08 million. During the same quarter in the prior year, the business posted $0.47 EPS. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Celsius will post 1.43 earnings per share for the current year.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.

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