Celsius (NASDAQ:CELH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also commented on CELH. Zacks Investment Research lowered shares of Celsius from a “hold” rating to a “strong sell” rating in a research note on Tuesday. B. Riley set a $8.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Maxim Group restated a “buy” rating and set a $8.00 price target on shares of Celsius in a research note on Friday, May 11th. Finally, ValuEngine upgraded shares of Celsius from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.33.

Shares of Celsius opened at $4.46 on Wednesday, according to Marketbeat Ratings. Celsius has a 12 month low of $4.58 and a 12 month high of $4.65. The company has a current ratio of 2.78, a quick ratio of 2.14 and a debt-to-equity ratio of 0.23.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, March 8th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Celsius had a negative net margin of 21.87% and a negative return on equity of 21.26%. The company had revenue of $9.14 million for the quarter, compared to analyst estimates of $8.23 million. equities research analysts forecast that Celsius will post -0.19 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in Celsius by 146.6% in the 1st quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after buying an additional 127,388 shares during the last quarter. Anchor Capital Advisors LLC acquired a new position in Celsius in the 1st quarter valued at $152,000. BlueCrest Capital Management Ltd acquired a new position in Celsius in the 4th quarter valued at $128,000. Monashee Investment Management LLC acquired a new position in Celsius in the 4th quarter valued at $146,000. Finally, Loeb Partners Corp acquired a new position in Celsius in the 4th quarter valued at $126,000. Institutional investors and hedge funds own 6.50% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.

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