Celsius (NASDAQ:CELH) Now Covered by Analysts at Truist Financial

Truist Financial initiated coverage on shares of Celsius (NASDAQ:CELH) in a research report sent to investors on Tuesday, MarketBeat reports. The firm issued a hold rating and a $60.00 price target on the stock.

Several other brokerages have also recently weighed in on CELH. UBS Group dropped their price target on shares of Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Stifel Europe lifted their target price on Celsius from $90.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 18th. Roth Mkm cut their price target on Celsius from $96.00 to $87.00 and set a buy rating for the company in a report on Monday, June 17th. BNP Paribas initiated coverage on Celsius in a research note on Monday. They issued an outperform rating and a $87.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on Celsius from $76.00 to $90.00 and gave the company an overweight rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius has a consensus rating of Moderate Buy and a consensus target price of $83.16.

Celsius Price Performance

Shares of CELH opened at $55.86 on Tuesday. The firm has a market capitalization of $13.02 billion, a P/E ratio of 61.38, a PEG ratio of 1.80 and a beta of 1.93. Celsius has a one year low of $45.03 and a one year high of $99.62. The business has a fifty day moving average of $75.77 and a 200 day moving average of $70.17.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. During the same period in the previous year, the company posted $0.13 EPS. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. Analysts expect that Celsius will post 1.07 EPS for the current fiscal year.

Insider Activity

In related news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock worth $107,920,209 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP increased its stake in Celsius by 123.5% during the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after acquiring an additional 324,049 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Celsius during the 4th quarter valued at approximately $242,000. Coldstream Capital Management Inc. raised its holdings in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after buying an additional 2,589 shares during the period. Moody National Bank Trust Division bought a new stake in Celsius in the fourth quarter worth $917,000. Finally, Dimensional Fund Advisors LP boosted its stake in Celsius by 215.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after buying an additional 332,980 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.