Celsius (NASDAQ:CELH) Price Target Raised to $55.00

Celsius (NASDAQ:CELH - Get Free Report) had its price objective boosted by equities research analysts at Needham & Company LLC from $47.00 to $55.00 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price objective points to a potential upside of 22.87% from the stock's previous close.

CELH has been the subject of a number of other reports. Stifel Nicolaus started coverage on Celsius in a report on Thursday, June 12th. They issued a "buy" rating and a $47.00 price target for the company. Roth Capital reaffirmed a "buy" rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a report on Thursday, June 26th. Wall Street Zen lowered Celsius from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. TD Cowen raised Celsius from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, LADENBURG THALM/SH SH dropped their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.65.

Celsius Stock Performance

Shares of Celsius stock traded down $0.42 on Thursday, hitting $44.76. The company had a trading volume of 2,214,376 shares, compared to its average volume of 8,092,119. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 139.99, a P/E/G ratio of 1.64 and a beta of 1.45. Celsius has a 1 year low of $21.10 and a 1 year high of $60.70. The stock has a 50 day moving average of $40.53 and a 200-day moving average of $33.29.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $329.28 million for 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%. The business's revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Equities analysts anticipate that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the completion of the sale, the insider directly owned 18,017,770 shares of the company's stock, valued at $851,699,987.90. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Fieldly sold 130,803 shares of Celsius stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $45.00, for a total transaction of $5,886,135.00. Following the completion of the transaction, the chief executive officer owned 1,038,577 shares in the company, valued at approximately $46,735,965. This represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 562,974 shares of company stock valued at $25,758,418. Corporate insiders own 2.55% of the company's stock.

Hedge Funds Weigh In On Celsius

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Celsius by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,408,238 shares of the company's stock valued at $37,093,000 after acquiring an additional 26,959 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Celsius during the fourth quarter worth $406,000. Arizona State Retirement System lifted its position in shares of Celsius by 1.3% during the fourth quarter. Arizona State Retirement System now owns 43,958 shares of the company's stock worth $1,158,000 after purchasing an additional 553 shares in the last quarter. Amundi lifted its position in shares of Celsius by 7.7% during the fourth quarter. Amundi now owns 408,505 shares of the company's stock worth $11,851,000 after purchasing an additional 29,189 shares in the last quarter. Finally, American Assets Inc. acquired a new position in shares of Celsius during the fourth quarter worth $1,054,000. Hedge funds and other 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.