Brokerages Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $9.00

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $7.42.

A number of research analysts recently issued reports on the company. BidaskClub raised Celsius from a “strong sell” rating to a “sell” rating in a report on Tuesday. ValuEngine lowered Celsius from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded Celsius from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Thursday. B. Riley set a $10.00 price objective on Celsius and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Maxim Group set a $8.00 price objective on Celsius and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Shares of Celsius stock traded up $0.02 during trading on Tuesday, reaching $3.85. The company’s stock had a trading volume of 271,900 shares, compared to its average volume of 121,790. The stock has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.99. Celsius has a one year low of $3.06 and a one year high of $5.37. The stock has a market capitalization of $271.37 million, a P/E ratio of -16.74 and a beta of 0.90.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.05. Celsius had a negative return on equity of 6.41% and a net margin of 15.67%. The business had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $18.29 million.

In related news, major shareholder Carl Desantis bought 500,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $3.60 per share, for a total transaction of $1,800,000.00. Also, Director William H. Milmoe bought 555,555 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $3.60 per share, with a total value of $1,999,998.00. 38.30% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of CELH. Janney Montgomery Scott LLC acquired a new position in shares of Celsius during the 3rd quarter worth about $35,000. Tower Research Capital LLC TRC acquired a new position in shares of Celsius during the 3rd quarter worth about $39,000. Gamco Investors INC. ET AL acquired a new position in shares of Celsius during the 2nd quarter worth about $53,000. FNY Investment Advisers LLC acquired a new position in shares of Celsius during the 3rd quarter worth about $139,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Celsius during the 2nd quarter worth about $189,000. Institutional investors own 49.05% 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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