What is B. Riley’s Forecast for Celsius FY2024 Earnings?

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for Celsius in a research report issued on Wednesday, November 6th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.59 per share for the year, down from their previous estimate of $0.65. B. Riley currently has a “Buy” rating and a $47.00 target price on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.74 per share. B. Riley also issued estimates for Celsius’ Q4 2024 earnings at $0.03 EPS and FY2026 earnings at $1.01 EPS.

A number of other analysts also recently issued reports on CELH. Maxim Group dropped their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. TD Cowen dropped their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Piper Sandler decreased their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Finally, Bank of America cut their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $54.40.

Celsius Price Performance

Shares of Celsius stock opened at $28.90 on Friday. Celsius has a 1 year low of $27.78 and a 1 year high of $99.62. The firm has a market cap of $6.79 billion, a PE ratio of 40.14, a PEG ratio of 2.51 and a beta of 1.86. The company has a 50 day simple moving average of $32.15 and a two-hundred day simple moving average of $51.06.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently made changes to their positions in CELH. S.A. Mason LLC bought a new stake in shares of Celsius in the 2nd quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius in the 3rd quarter worth about $34,000. Signaturefd LLC lifted its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% 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.