Celsius’ (CELH) Buy Rating Reaffirmed at Needham & Company LLC

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $38.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 31.94% from the company’s previous close.

A number of other research analysts have also recently issued reports on CELH. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. UBS Group lowered their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. Finally, Stifel Nicolaus lowered their target price on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.28.

Celsius Price Performance

NASDAQ CELH opened at $28.80 on Monday. The stock’s 50 day simple moving average is $28.64 and its 200 day simple moving average is $37.02. Celsius has a one year low of $25.23 and a one year high of $99.62. The firm has a market cap of $6.77 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 3.44 and a beta of 1.79.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CELH. Massachusetts Financial Services Co. MA lifted its stake in Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares during the last quarter. MIG Capital LLC bought a new position in Celsius in the third quarter valued at $30,358,000. Dimensional Fund Advisors LP increased its stake in Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock valued at $56,531,000 after buying an additional 460,227 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Celsius during the 2nd quarter worth about $20,024,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.