Celsius (NASDAQ:CELH) Earns Buy Rating from Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Celsius (NASDAQ:CELH) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $38.00 price target on the stock.

CELH has been the topic of a number of other reports. Stifel Nicolaus cut their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Piper Sandler cut their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Truist Financial boosted their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, Roth Mkm cut their price target on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.38.

Celsius Price Performance

NASDAQ CELH opened at $28.17 on Friday. The stock has a market capitalization of $6.62 billion, a P/E ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. The firm’s 50-day moving average is $30.01 and its two-hundred day moving average is $43.21. Celsius has a 12 month low of $25.23 and a 12 month high of $99.62.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC boosted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position 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 worth $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of Celsius during the 3rd quarter worth $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.