Celsius Holdings Inc. (NASDAQ:CELH) Receives Average Rating of “Moderate Buy” from Brokerages

Celsius Holdings Inc. (NASDAQ:CELH) has received an average recommendation of “Moderate Buy” from the twenty-five analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $62.95.

CELH has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Bank of America reduced their price objective on shares of Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Celsius in a research report on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of Celsius in a report on Thursday, November 6th. Finally, Truist Financial boosted their target price on Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 8th.

Insider Buying and Selling at Celsius

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer directly owned 99,227 shares in the company, valued at $6,449,755. This trade represents a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz purchased 10,000 shares of the stock in a transaction on Thursday, November 13th. The shares were bought at an average price of $45.24 per share, for a total transaction of $452,400.00. Following the acquisition, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. The trade was a 4.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,500 shares of company stock valued at $3,281,975. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Centaurus Financial Inc. bought a new position in Celsius during the third quarter worth $239,000. Coldstream Capital Management Inc. grew its position in Celsius by 12.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,317 shares of the company’s stock worth $306,000 after purchasing an additional 609 shares during the last quarter. Danske Bank A S bought a new position in shares of Celsius during the 3rd quarter worth about $69,000. Advisory Services Network LLC increased its holdings in shares of Celsius by 109.9% during the 3rd quarter. Advisory Services Network LLC now owns 13,052 shares of the company’s stock worth $750,000 after purchasing an additional 6,833 shares during the period. Finally, Harvest Investment Services LLC acquired a new position in shares of Celsius during the third quarter valued at about $757,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Down 0.6%

Celsius stock opened at $38.99 on Friday. Celsius has a 52-week low of $21.10 and a 52-week high of $66.74. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 105.38, a PEG ratio of 1.25 and a beta of 1.34. The firm has a 50-day moving average price of $55.14 and a two-hundred day moving average price of $49.73. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $725.11 million for the quarter, compared to the consensus estimate of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company’s revenue was up 172.9% compared to the same quarter last year. Sell-side analysts expect that Celsius will post 0.89 earnings per share for the current year.

About Celsius

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.