Celsius (NASDAQ:CELH) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Briefing.com reports. The brokerage presently has a $78.00 price objective on the stock, up from their prior price objective of $57.00. Credit Suisse Group’s price objective indicates a potential upside of 26.32% from the company’s previous close.
A number of other brokerages have also recently weighed in on CELH. B. Riley upped their price target on shares of Celsius from $74.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, May 14th. LADENBURG THALM/SH SH upgraded shares of Celsius from a “neutral” rating to a “buy” rating in a research report on Thursday, March 11th. Finally, Zacks Investment Research upgraded shares of Celsius from a “sell” rating to a “hold” rating in a report on Wednesday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Celsius presently has a consensus rating of “Buy” and a consensus price target of $57.17.
Shares of Celsius stock opened at $61.75 on Friday. Celsius has a fifty-two week low of $8.61 and a fifty-two week high of $83.00. The stock has a 50 day simple moving average of $59.05. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 561.41 and a beta of 2.12.
Several hedge funds and other institutional investors have recently modified their holdings of the company. King Luther Capital Management Corp bought a new position in shares of Celsius during the fourth quarter valued at approximately $2,305,000. ExodusPoint Capital Management LP raised its position in shares of Celsius by 290.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 98,402 shares of the company’s stock worth $4,951,000 after acquiring an additional 73,179 shares in the last quarter. Spearhead Capital Advisors LLC purchased a new stake in Celsius during the 1st quarter valued at about $318,000. Next Century Growth Investors LLC boosted its position in Celsius by 27.7% during the fourth quarter. Next Century Growth Investors LLC now owns 603,455 shares of the company’s stock worth $30,359,000 after purchasing an additional 130,906 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Celsius during the fourth quarter valued at approximately $348,000. 64.71% of the stock is owned by institutional investors.
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, green tea/grapefruit melon, 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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