UBS Group Boosts Celsius (NASDAQ:CELH) Price Target to $73.00

Key Points

• UBS Group has increased its price target for Celsius (NASDAQ:CELH) from $64.00 to $73.00, indicating a potential upside of 19.48% based on the current stock price.
• In its recent quarterly earnings, Celsius reported an earnings per share (EPS) of $0.47, significantly surpassing analyst expectations of $0.23, with revenue of $739.30 million for the quarter.
• Despite the bullish ratings from multiple analysts, Celsius shares have seen a decline of 2.8% recently, trading at $61.10 as of mid-day Tuesday.

Celsius (NASDAQ:CELH - Get Free Report) had its target price hoisted by UBS Group from $64.00 to $73.00 in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 25.06% from the stock's current price.

Several other research analysts have also weighed in on CELH. Mizuho boosted their price target on Celsius from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday. Stephens reiterated an "overweight" rating on shares of Celsius in a research report on Monday, August 11th. Stifel Nicolaus upped their target price on Celsius from $56.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday. Bank of America upped their price objective on Celsius from $35.00 to $40.00 and gave the stock an "underperform" rating in a research report on Friday, August 8th. Finally, TD Cowen raised Celsius from a "hold" rating to a "buy" rating and upped their target price for the stock from $37.00 to $55.00 in a report on Monday, June 16th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.89.

Celsius Trading Down 3.9%

CELH traded down $2.39 during midday trading on Tuesday, reaching $58.37. 5,976,793 shares of the company were exchanged, compared to its average volume of 6,431,793. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. Celsius has a one year low of $21.10 and a one year high of $63.50. The stock has a market capitalization of $15.06 billion, a P/E ratio of 157.76, a PEG ratio of 1.38 and a beta of 1.34. The stock's 50-day simple moving average is $51.32 and its 200 day simple moving average is $41.03.

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

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 7,500 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the sale, the insider owned 37,550 shares in the company, valued at $2,287,921.50. This represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 100,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,123,641 shares of company stock worth $52,998,580 over the last quarter. 2.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. Osaic Holdings Inc. boosted its holdings in Celsius by 77.8% in the second quarter. Osaic Holdings Inc. now owns 150,687 shares of the company's stock worth $6,990,000 after acquiring an additional 65,957 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Celsius during the second quarter valued at approximately $244,000. Thrivent Financial for Lutherans increased its position in Celsius by 12.8% in the second quarter. Thrivent Financial for Lutherans now owns 41,630 shares of the company's stock worth $1,931,000 after buying an additional 4,709 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Celsius in the second quarter worth $298,000. Finally, Marex Group plc purchased a new stake in Celsius in the second quarter worth $425,000. Institutional investors 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.