Celsius (NASDAQ:CELH) Given New $77.00 Price Target at JPMorgan Chase & Co.

Celsius (NASDAQ:CELH) had its target price upped by investment analysts at JPMorgan Chase & Co. from $68.00 to $77.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 44.28% from the company’s current price.

CELH has been the subject of a number of other research reports. Citigroup decreased their target price on shares of Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Roth Mkm reiterated a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Piper Sandler reiterated an “overweight” rating and issued a $65.00 target price (up from $61.00) on shares of Celsius in a research note on Thursday. Zacks Research lowered Celsius from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Celsius in a research note on Thursday, November 6th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Celsius Stock Performance

Shares of CELH traded down $0.54 during mid-day trading on Thursday, hitting $53.37. The company’s stock had a trading volume of 2,912,232 shares, compared to its average volume of 4,108,773. The stock’s 50-day moving average is $46.78 and its two-hundred day moving average is $51.80. The firm has a market capitalization of $13.76 billion, a PE ratio of 533.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89. Celsius has a one year low of $21.10 and a one year high of $66.74.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data 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. Celsius had a net margin of 3.03% and a return on equity of 41.88%. The firm had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. The business’s revenue was up 172.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius will post 0.89 EPS for the current year.

Insider Activity at Celsius

In other news, Director Hal Kravitz purchased 10,000 shares of Celsius stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the acquisition, the director owned 216,147 shares in the company, valued at approximately $9,778,490.28. This trade represents a 4.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in Celsius in the 3rd quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Celsius during the fourth quarter valued at approximately $31,000. Brown Brothers Harriman & Co. grew its holdings in Celsius by 1,020.4% during the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Hantz Financial Services Inc. raised its position in Celsius by 1,476.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after buying an additional 738 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in Celsius during the 4th quarter valued at $46,000. Institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.