Celsius (NASDAQ:CELH) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Celsius (NASDAQ:CELH) from a sell rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.

A number of other research analysts have also issued reports on CELH. JPMorgan Chase & Co. reduced their target price on shares of Celsius from $56.00 to $52.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group set a $45.00 price target on shares of Celsius in a research note on Monday, August 10th. Weiss Ratings cut Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded Celsius from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research report on Thursday, August 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $36.00 price objective on shares of Celsius in a report on Monday, August 24th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Celsius Stock Performance

CELH stock opened at $26.75 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 111.46, a PEG ratio of 1.87 and a beta of 1.01. Celsius has a 1 year low of $23.56 and a 1 year high of $66.74. The stock’s fifty day moving average is $29.46 and its two-hundred day moving average is $31.13.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. During the same quarter in the prior year, the company posted $0.47 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. On average, research analysts predict that Celsius will post 1.43 EPS for the current year.

Insider Activity

In other Celsius news, CEO John Fieldly bought 18,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $27.44 per share, with a total value of $493,920.00. Following the completion of the purchase, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Damon DeSantis bought 20,000 shares of Celsius stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $27.65 per share, with a total value of $553,000.00. Following the completion of the acquisition, the director directly owned 2,712,187 shares of the company’s stock, valued at $74,991,970.55. This represents a 0.74% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 66,000 shares of company stock worth $1,830,120. Corporate insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new stake in shares of Celsius during the 2nd quarter valued at $31,000. Summit Securities Group LLC acquired a new position in shares of Celsius in the 1st quarter worth $56,000. AlphaCentric Advisors LLC acquired a new stake in shares of Celsius during the first quarter worth $69,000. Ancora Advisors LLC acquired a new stake in shares of Celsius during the second quarter worth $64,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Celsius during the first quarter worth $79,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.