Celsius (NASDAQ:CELH) Raised to Buy at ValuEngine

Celsius (NASDAQ:CELH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday, ValuEngine reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Celsius from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Maxim Group reiterated a “buy” rating and set a $8.00 target price on shares of Celsius in a report on Friday, August 9th. Finally, TheStreet upgraded shares of Celsius from a “d” rating to a “c+” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.75.

Celsius stock traded down $0.51 during trading hours on Tuesday, hitting $3.66. 78,900 shares of the stock traded hands, compared to its average volume of 80,397. The firm’s 50-day moving average price is $4.31 and its two-hundred day moving average price is $4.17. The company has a current ratio of 3.48, a quick ratio of 2.35 and a debt-to-equity ratio of 0.38. The company has a market cap of $221.38 million, a PE ratio of -15.78 and a beta of 1.00. Celsius has a one year low of $3.09 and a one year high of $5.37.



Celsius (NASDAQ:CELH) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01). Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. The business had revenue of $16.12 million for the quarter, compared to analysts’ expectations of $15.15 million. On average, sell-side analysts expect that Celsius will post -0.02 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL purchased a new position in shares of Celsius during the second quarter valued at approximately $53,000. SG Americas Securities LLC purchased a new position in shares of Celsius during the first quarter valued at approximately $71,000. Susquehanna International Group LLP purchased a new position in shares of Celsius during the second quarter valued at approximately $189,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 12.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock valued at $280,000 after purchasing an additional 7,055 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Celsius by 12.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock worth $295,000 after acquiring an additional 7,419 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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