Celsius (NASDAQ:CELH) Price Target Raised to $55.00 at Needham & Company LLC

Celsius (NASDAQ:CELH - Get Free Report) had its target price raised by equities research analysts at Needham & Company LLC from $47.00 to $55.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's target price points to a potential upside of 21.98% from the company's current price.

Several other equities research analysts have also commented on CELH. Truist Financial boosted their target price on shares of Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Roth Capital reiterated a "buy" rating and set a $52.00 target price (up previously from $46.00) on shares of Celsius in a report on Thursday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group upped their target price on Celsius from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, LADENBURG THALM/SH SH dropped their price target on shares of Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.65.

Celsius Stock Performance

Celsius stock traded down $0.09 during midday trading on Thursday, hitting $45.09. 4,514,261 shares of the company's stock were exchanged, compared to its average volume of 8,129,876. Celsius has a 12-month low of $21.10 and a 12-month high of $57.48. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 140.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45. The firm's 50 day simple moving average is $40.94 and its 200 day simple moving average is $33.62.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results 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 company 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%. Celsius's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, equities research analysts forecast that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 130,803 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 1,038,577 shares of the company's stock, valued at $46,735,965. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. The trade was a 1.64% decrease in their position. 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. Company insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Celsius by 35.6% in the second quarter. Farther Finance Advisors LLC now owns 2,446 shares of the company's stock worth $113,000 after acquiring an additional 642 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company's stock valued at $82,000 after buying an additional 352 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Celsius by 9,579.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 828,860 shares of the company's stock valued at $38,451,000 after acquiring an additional 820,297 shares during the last quarter. Polianta Ltd bought a new stake in Celsius during the second quarter worth approximately $1,428,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Celsius by 25.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,061 shares of the company's stock worth $1,307,000 after acquiring an additional 5,713 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

About Celsius

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.