Analysts Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $56.93

Celsius Holdings, Inc. (NASDAQ:CELH) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $56.93.

A number of equities research analysts have recently commented on CELH shares. Maxim Group lowered their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Roth Mkm cut their price objective on Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Jefferies Financial Group lowered their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Finally, Bank of America reduced their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius in the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Rise Advisors LLC boosted its position in shares of Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Transcendent Capital Group LLC acquired a new stake in Celsius in the 4th quarter valued at approximately $25,000. Finally, Beacon Capital Management LLC bought a new stake in Celsius during the 1st quarter valued at $40,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 6.0 %

CELH opened at $32.80 on Friday. The firm has a market cap of $7.65 billion, a P/E ratio of 36.04, a PEG ratio of 2.29 and a beta of 1.84. The business’s fifty day simple moving average is $35.35 and its 200 day simple moving average is $57.56. Celsius has a 52 week low of $28.20 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. As a group, equities analysts expect that Celsius will post 0.82 EPS for the current fiscal year.

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.