Celsius Holdings, Inc. (NASDAQ:CELH) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.50.

A number of brokerages recently commented on CELH. BidaskClub raised Celsius from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Celsius from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Celsius in a research note on Friday, August 10th. Finally, B. Riley decreased their price objective on Celsius from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th.

Institutional investors have recently made changes to their positions in the stock. Anchor Capital Advisors LLC acquired a new stake in shares of Celsius during the first quarter worth $152,000. Schwab Charles Investment Management Inc. acquired a new position in Celsius in the second quarter valued at about $198,000. Bank of New York Mellon Corp grew its stake in Celsius by 353.3% in the second quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock valued at $271,000 after acquiring an additional 45,937 shares during the period. Granite Investment Partners LLC acquired a new position in Celsius in the second quarter valued at about $458,000. Finally, Millennium Management LLC grew its stake in Celsius by 146.6% in the first quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after acquiring an additional 127,388 shares during the period. 20.92% of the stock is owned by institutional investors and hedge funds.

Shares of CELH stock traded up $0.01 on Tuesday, reaching $4.08. 42,300 shares of the stock were exchanged, compared to its average volume of 86,832. The company has a market cap of $212.67 million, a P/E ratio of -408.00 and a beta of -0.04. Celsius has a one year low of $3.05 and a one year high of $6.20. The company has a quick ratio of 2.30, a current ratio of 3.11 and a debt-to-equity ratio of 0.27.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, August 9th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Celsius had a negative return on equity of 47.60% and a negative net margin of 31.73%. The firm had revenue of $9.30 million for the quarter, compared to the consensus estimate of $11.78 million. equities research analysts anticipate that Celsius will post -0.21 earnings per share for the current fiscal year.

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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