Celsius Holdings, Inc. (NASDAQ:CELH) Given Average Recommendation of “Moderate Buy” by Analysts

Celsius Holdings, Inc. (NASDAQ:CELH) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $85.10.

Several research analysts have weighed in on CELH shares. Jefferies Financial Group boosted their price target on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $75.00 price target on shares of Celsius in a research report on Wednesday, March 27th. Wedbush upped their price target on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. UBS Group upped their price target on shares of Celsius from $73.00 to $99.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Bank of America lowered shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Friday, January 19th.

Celsius Price Performance

Celsius stock opened at $72.03 on Friday. The stock has a fifty day moving average price of $79.25 and a two-hundred day moving average price of $64.58. Celsius has a 52-week low of $29.91 and a 52-week high of $99.62. The firm has a market capitalization of $16.64 billion, a P/E ratio of 93.14, a P/E/G ratio of 2.01 and a beta of 1.86.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. During the same quarter last year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 95.2% compared to the same quarter last year. On average, equities research analysts predict that Celsius will post 1.09 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Deborah Desantis sold 127,838 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total value of $5,484,250.20. Following the completion of the transaction, the insider now directly owns 30,576,919 shares in the company, valued at $1,311,749,825.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Deborah Desantis sold 127,838 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $42.90, for a total value of $5,484,250.20. Following the completion of the transaction, the insider now directly owns 30,576,919 shares in the company, valued at $1,311,749,825.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 780,433 shares of company stock worth $49,149,715. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division bought a new position in Celsius during the 4th quarter valued at $917,000. Kercheville Advisors LLC acquired a new stake in shares of Celsius during the fourth quarter worth $851,000. Qube Research & Technologies Ltd raised its holdings in shares of Celsius by 761.1% during the third quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock worth $32,612,000 after purchasing an additional 167,977 shares during the period. Arizona State Retirement System raised its holdings in shares of Celsius by 190.0% during the fourth quarter. Arizona State Retirement System now owns 41,209 shares of the company’s stock worth $2,247,000 after purchasing an additional 26,998 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of Celsius by 396.9% during the fourth quarter. Pacer Advisors Inc. now owns 26,438 shares of the company’s stock worth $1,441,000 after purchasing an additional 21,117 shares during the period. 60.95% of the stock is currently owned by 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.