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

Celsius (NASDAQ:CELHGet Free Report)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $38.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 49.84% from the company’s previous close.

A number of other brokerages have also recently weighed in on CELH. UBS Group dropped their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Truist Financial lifted their target price on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Get Our Latest Report on CELH

Celsius Price Performance

NASDAQ CELH opened at $25.36 on Tuesday. The business has a 50 day moving average price of $27.96 and a 200 day moving average price of $33.14. The company has a market capitalization of $5.96 billion, a P/E ratio of 35.22, a PEG ratio of 2.79 and a beta of 1.79. Celsius has a 1-year low of $24.42 and a 1-year high of $99.62.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Advisors Inc. OK acquired a new position in shares of Celsius in the 4th quarter valued at about $527,000. Louisiana State Employees Retirement System lifted its position in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after buying an additional 400 shares in the last quarter. Sovran Advisors LLC acquired a new position in Celsius during the fourth quarter valued at approximately $2,224,000. Global Wealth Management Investment Advisory Inc. grew its stake in Celsius by 6.0% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,935 shares of the company’s stock worth $920,000 after buying an additional 1,986 shares during the period. Finally, Activest Wealth Management increased its position in shares of Celsius by 123.7% in the fourth quarter. Activest Wealth Management now owns 2,790 shares of the company’s stock worth $73,000 after acquiring an additional 1,543 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

About Celsius

(Get Free Report)

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.

See Also

Analyst Recommendations for Celsius (NASDAQ:CELH)

Receive News & Ratings for Celsius Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius and related companies with MarketBeat.com's FREE daily email newsletter.