Celsius (NASDAQ:CELH) Price Target Raised to $48.00 at UBS Group

Celsius (NASDAQ:CELH) had its price objective increased by UBS Group from $43.00 to $48.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Truist Financial upgraded shares of Celsius from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $45.00 in a research report on Monday, March 31st. Morgan Stanley reissued an “equal weight” rating and set a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Jefferies Financial Group dropped their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $49.00 price objective (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, Needham & Company LLC lifted their target price on shares of Celsius from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average target price of $46.47.

Celsius Stock Performance

CELH stock opened at $37.24 on Thursday. The firm’s fifty day moving average is $30.62 and its 200 day moving average is $29.23. Celsius has a one year low of $21.10 and a one year high of $98.85. The firm has a market cap of $9.60 billion, a PE ratio of 84.64, a P/E/G ratio of 2.90 and a beta of 1.58.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Research analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other Celsius news, Director Joyce Russell sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in the business. HM Payson & Co. raised its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 550 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after acquiring an additional 750 shares in the last quarter. S.A. Mason LLC raised its holdings in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.