Celsius Holdings, Inc. (NASDAQ:CELH) Receives $54.40 Average PT from Analysts

Celsius Holdings, Inc. (NASDAQ:CELH) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $54.40.

A number of research analysts recently weighed in on CELH shares. Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. B. Riley cut their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. UBS Group cut their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Piper Sandler cut their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Finally, LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred 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 owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after buying an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. lifted its position in shares of Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after buying an additional 25,315 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after buying an additional 22,786 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Celsius during the 3rd quarter worth approximately $984,000. Finally, Charles Schwab Investment Management Inc. raised its position in Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH stock opened at $28.64 on Friday. The stock’s 50 day simple moving average is $30.26 and its 200 day simple moving average is $45.07. Celsius has a twelve month low of $25.23 and a twelve month high of $99.62. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 3.27 and a beta of 1.86.

Celsius Company Profile

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.