Equities research analysts at Stephens assumed coverage on shares of Celsius (NASDAQ:CELH – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “overweight” rating and a $180.00 price target on the stock. Stephens’ price objective would suggest a potential upside of 19.92% from the company’s previous close.
A number of other analysts have also recently commented on the company. Stifel Nicolaus upped their price target on Celsius from $129.00 to $155.00 in a research note on Wednesday, June 7th. Maxim Group boosted their price target on shares of Celsius from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Credit Suisse Group reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Celsius in a research note on Monday, March 6th. Piper Sandler boosted their target price on Celsius from $130.00 to $165.00 in a research note on Monday, June 5th. Finally, Wedbush lifted their price objective on Celsius from $130.00 to $155.00 in a report on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $150.20.
Celsius Trading Up 1.5 %
Shares of NASDAQ:CELH opened at $150.10 on Thursday. Celsius has a 1-year low of $61.62 and a 1-year high of $153.46. The stock has a market capitalization of $11.41 billion, a P/E ratio of -64.98 and a beta of 1.81. The business has a 50-day moving average price of $122.59 and a two-hundred day moving average price of $105.97.
Celsius (NASDAQ:CELH – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.18. The firm had revenue of $259.94 million for the quarter, compared to analysts’ expectations of $219.58 million. Celsius had a negative net margin of 19.58% and a positive return on equity of 9.01%. The business’s revenue for the quarter was up 94.9% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. As a group, equities analysts predict that Celsius will post 1.43 EPS for the current year.
Insider Transactions at Celsius
In related news, Director Caroline S. Levy sold 2,200 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $134.51, for a total value of $295,922.00. Following the completion of the transaction, the director now owns 17,605 shares of the company’s stock, valued at $2,368,048.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Hoi Shuen Solina Holly Chau sold 350,976 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $142.46, for a total value of $50,000,040.96. Following the completion of the sale, the insider now owns 7,980,323 shares of the company’s stock, valued at approximately $1,136,876,814.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Caroline S. Levy sold 2,200 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $134.51, for a total transaction of $295,922.00. Following the transaction, the director now owns 17,605 shares in the company, valued at $2,368,048.55. The disclosure for this sale can be found here. Insiders have sold a total of 888,109 shares of company stock valued at $102,736,557 over the last 90 days. 2.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CELH. ProShare Advisors LLC grew its holdings in Celsius by 16.0% during the fourth quarter. ProShare Advisors LLC now owns 9,722 shares of the company’s stock worth $1,011,000 after purchasing an additional 1,341 shares during the period. Atria Wealth Solutions Inc. raised its stake in Celsius by 5.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,240 shares of the company’s stock valued at $649,000 after acquiring an additional 332 shares during the period. SG Americas Securities LLC lifted its holdings in Celsius by 173.4% during the 4th quarter. SG Americas Securities LLC now owns 12,506 shares of the company’s stock valued at $1,301,000 after purchasing an additional 7,932 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Celsius by 81.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 984 shares of the company’s stock worth $102,000 after purchasing an additional 443 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Celsius by 22.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 27,502 shares of the company’s stock valued at $2,861,000 after purchasing an additional 5,015 shares during the last quarter. Institutional investors own 58.86% of the company’s stock.
Celsius Company Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack’d, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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