Celsius Holdings, Inc. (NASDAQ:CELH) – Analysts at B. Riley lowered their FY2020 earnings per share (EPS) estimates for shares of Celsius in a note issued to investors on Friday, August 10th. B. Riley analyst J. Van. Sinderen now anticipates that the company will earn $0.07 per share for the year, down from their previous estimate of $0.08. B. Riley has a “Buy” rating and a $7.00 price target on the stock.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 9th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $9.30 million during the quarter, compared to the consensus estimate of $11.78 million.

Several other research analysts have also recently weighed in on CELH. Zacks Investment Research upgraded shares of Celsius from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Maxim Group restated a “buy” rating and issued a $8.00 price objective on shares of Celsius in a research report on Friday, May 11th. Finally, BidaskClub cut shares of Celsius from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $7.00.

CELH stock opened at $4.36 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.30 and a current ratio of 3.11. Celsius has a fifty-two week low of $3.05 and a fifty-two week high of $7.00.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Celsius in the 2nd quarter worth approximately $5,095,000. Schwab Charles Investment Management Inc. bought a new position in Celsius in the 2nd quarter worth approximately $198,000. Anchor Capital Advisors LLC raised its position in Celsius by 473.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock worth $920,000 after purchasing an additional 165,172 shares during the last quarter. Bank of New York Mellon Corp raised its position in Celsius by 353.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock worth $271,000 after purchasing an additional 45,937 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in Celsius in the 2nd quarter worth approximately $458,000. Hedge funds and other institutional investors own 6.85% of the company’s stock.

About Celsius

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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