Celsius (NASDAQ:CELH) Price Target Raised to $45.00 at Wells Fargo & Company

Celsius (NASDAQ:CELH - Free Report) had its target price upped by Wells Fargo & Company from $44.00 to $45.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on CELH. Piper Sandler increased their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday. B. Riley reissued a "buy" rating and issued a $49.00 target price (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $47.00 target price on shares of Celsius in a research note on Thursday, May 29th. JPMorgan Chase & Co. increased their price target on Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, LADENBURG THALM/SH SH reduced their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.94.

Celsius Stock Performance

Shares of NASDAQ:CELH traded down $0.01 during trading on Wednesday, hitting $40.08. The company's stock had a trading volume of 6,363,144 shares, compared to its average volume of 8,075,631. The stock's 50-day moving average price is $36.61 and its two-hundred day moving average price is $30.65. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $75.69. The company has a market capitalization of $10.33 billion, a PE ratio of 91.09, a PEG ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. On average, equities analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares of the company's stock, valued at approximately $543,947.82. The trade was a 17.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celsius

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after buying an additional 441 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Celsius by 46.9% in the 4th quarter. DAVENPORT & Co LLC now owns 30,181 shares of the company's stock worth $795,000 after acquiring an additional 9,642 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new position in shares of Celsius in the 4th quarter worth $1,712,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Celsius by 5.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,689 shares of the company's stock worth $587,000 after purchasing an additional 1,100 shares during the period. Finally, Kercheville Advisors LLC purchased a new stake in Celsius during the fourth quarter valued at about $1,443,000. 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.