Celsius (NASDAQ:CELH) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Celsius (NASDAQ:CELH) in a research report report published on Thursday,Benzinga reports. Morgan Stanley currently has a $42.00 price target on the stock.

A number of other research firms have also commented on CELH. Needham & Company LLC initiated coverage on shares of Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 price target on the stock. Bank of America lowered their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Piper Sandler cut their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Stifel Nicolaus lowered 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. Finally, B. Riley cut their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.28.

Celsius Price Performance

CELH opened at $27.68 on Thursday. The company has a market capitalization of $6.51 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The business has a fifty day simple moving average of $29.35 and a 200 day simple moving average of $38.76. Celsius has a 1 year low of $25.23 and a 1 year high of $99.62.

Insiders Place Their Bets

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 value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its holdings in Celsius by 4.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock worth $414,000 after acquiring an additional 289 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after purchasing an additional 337 shares during the period. Arizona State Retirement System increased its holdings in Celsius by 0.9% in the second quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock valued at $2,376,000 after purchasing an additional 375 shares during the period. Finally, Signaturefd LLC lifted its holdings in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.