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Maxim Group Increases Celsius (NASDAQ:CELH) Price Target to $65.00

Celsius logo with Consumer Staples background

Key Points

  • Maxim Group has increased its price target for Celsius (NASDAQ:CELH) from $50.00 to $65.00, indicating a potential upside of 25.12% from the current price.
  • Multiple analysts have issued positive ratings and raised their price targets for Celsius, with an average target price of $51.72 and a majority rating of "Moderate Buy."
  • Celsius reported an impressive 83.9% year-over-year revenue growth, with earnings per share beating analyst estimates significantly.
  • Looking to export and analyze Celsius data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Celsius (NASDAQ:CELH - Get Free Report) had its price objective increased by Maxim Group from $50.00 to $65.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Maxim Group's price target indicates a potential upside of 19.55% from the stock's current price.

A number of other research analysts also recently weighed in on CELH. Bank of America upped their price objective on shares of Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research report on Friday. Truist Financial increased their target price on shares of Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group increased their target price on shares of Celsius from $57.00 to $64.00 and gave the company a "buy" rating in a research report on Friday. Finally, Needham & Company LLC restated a "buy" rating and issued a $60.00 price objective (up from $55.00) on shares of Celsius in a research note on Thursday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.28.

View Our Latest Analysis on CELH

Celsius Stock Up 0.7%

Celsius stock traded up $0.37 during trading hours on Friday, hitting $54.37. 4,655,884 shares of the stock traded hands, compared to its average volume of 8,278,971. The firm's 50-day moving average price is $44.83 and its two-hundred day moving average price is $36.40. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.01 billion, a PE ratio of 147.80, a PEG ratio of 1.80 and a beta of 1.40. Celsius has a one year low of $21.10 and a one year high of $55.87.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 83.9% compared to the same quarter last year. On average, research analysts forecast that Celsius will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jarrod Langhans sold 5,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $255,900.00. Following the sale, the chief financial officer directly owned 109,227 shares of the company's stock, valued at $5,590,237.86. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,111,141 shares of company stock worth $52,241,605. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently modified their holdings of the company. CenterBook Partners LP bought a new position in shares of Celsius during the 2nd quarter valued at about $4,601,000. Legal & General Group Plc increased its position in Celsius by 1.9% during the second quarter. Legal & General Group Plc now owns 264,092 shares of the company's stock valued at $12,251,000 after acquiring an additional 4,999 shares during the last quarter. Marsico Capital Management LLC purchased a new stake in Celsius in the second quarter worth about $7,557,000. Handelsbanken Fonder AB boosted its stake in shares of Celsius by 1,456.1% in the second quarter. Handelsbanken Fonder AB now owns 698,700 shares of the company's stock worth $32,413,000 after acquiring an additional 653,800 shares during the period. Finally, Howe & Rusling Inc. boosted its stake in Celsius by 24.3% during the second quarter. Howe & Rusling Inc. now owns 108,009 shares of the company's stock valued at $5,011,000 after buying an additional 21,099 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

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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