Celsius (NASDAQ:CELH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Celsius (NASDAQ:CELH) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

CELH has been the topic of a number of other reports. Zacks Research cut Celsius from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Roth Capital reaffirmed a “buy” rating and set a $48.00 price objective on shares of Celsius in a report on Friday, August 7th. Bank of America reduced their price objective on shares of Celsius from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Piper Sandler reissued an “overweight” rating and issued a $36.00 target price on shares of Celsius in a report on Monday, August 24th. Finally, Stephens dropped their target price on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.38.

Celsius Trading Up 4.5%

Shares of Celsius stock opened at $28.45 on Friday. Celsius has a fifty-two week low of $23.56 and a fifty-two week high of $66.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The company has a market capitalization of $7.20 billion, a P/E ratio of 118.54, a P/E/G ratio of 1.88 and a beta of 0.93. The company has a fifty day moving average of $29.86 and a 200 day moving average of $32.96.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The business had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. Celsius had a net margin of 4.24% and a return on equity of 36.52%. Celsius’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, sell-side analysts anticipate that Celsius will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly acquired 18,000 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the transaction, the chief executive officer directly owned 956,063 shares of the company’s stock, valued at $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is owned by company insiders.

Institutional Trading of Celsius

Several hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celsius by 2,293.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 41,747 shares of the company’s stock valued at $1,952,000 after buying an additional 40,003 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Celsius during the 4th quarter worth approximately $3,316,000. Geode Capital Management LLC boosted its holdings in Celsius by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after acquiring an additional 277,424 shares during the period. Ranger Investment Management L.P. purchased a new position in Celsius during the 2nd quarter valued at $13,629,000. Finally, Fifth Third Bancorp grew its position in Celsius by 4,648.1% in the 1st quarter. Fifth Third Bancorp now owns 92,873 shares of the company’s stock valued at $3,295,000 after acquiring an additional 90,917 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.