Celsius (NASDAQ:CELH - Get Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from $44.00 to $54.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 20.75% from the company's current price.
A number of other research analysts also recently issued reports on the company. Piper Sandler raised 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. Truist Financial raised their target price on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup initiated coverage on shares of Celsius in a research report on Wednesday, July 23rd. They set a "buy" rating and a $55.00 price objective on the stock. Finally, Needham & Company LLC upped their target price on shares of Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.83.
Check Out Our Latest Analysis on CELH
Celsius Price Performance
Shares of NASDAQ:CELH traded down $0.62 during trading on Thursday, hitting $44.72. 3,920,574 shares of the company were exchanged, compared to its average volume of 4,260,283. The firm's 50 day moving average price is $43.50 and its 200-day moving average price is $35.39. Celsius has a 12-month low of $21.10 and a 12-month high of $48.47. The stock has a market capitalization of $11.53 billion, a P/E ratio of 139.75, a PEG ratio of 1.58 and a beta of 1.40.
Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share 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 analysts' expectations of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. Celsius's revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. As a group, equities research analysts anticipate that Celsius will post 0.89 EPS for the current year.
Insider Buying and Selling
In other Celsius news, major shareholder Deborah Desantis sold 100,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $47.00, for a total value of $4,700,000.00. Following the completion of the sale, the insider owned 17,917,770 shares of the company's stock, valued at approximately $842,135,190. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction 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 owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,974 shares of company stock valued at $35,158,418 over the last quarter. Company insiders own 2.55% of the company's stock.
Institutional Investors Weigh In On Celsius
A number of hedge funds and other institutional investors have recently modified their holdings of CELH. Triumph Capital Management boosted its position in Celsius by 41.5% during the fourth quarter. Triumph Capital Management now owns 40,420 shares of the company's stock worth $1,065,000 after purchasing an additional 11,863 shares in the last quarter. Fifth Third Bancorp grew 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 acquiring an additional 666 shares during the last quarter. GAMMA Investing LLC increased its holdings in Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company's stock valued at $2,604,000 after acquiring an additional 71,378 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Celsius by 14.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 9,760 shares of the company's stock valued at $348,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Celsius by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock worth $416,517,000 after acquiring an additional 345,837 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.
Celsius Company Profile
(
Get Free Report)
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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