Celsius (NASDAQ:CELH) Rating Reiterated by Wedbush

Celsius (NASDAQ:CELH)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Friday, Benzinga reports. They currently have a $100.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 31.63% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Roth Mkm lifted their target price on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Jefferies Financial Group boosted their price target on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Stifel Europe boosted their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Maxim Group boosted their price target on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Piper Sandler boosted their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.45.

Celsius Trading Up 2.1 %

Shares of CELH opened at $75.97 on Friday. The business’s 50-day moving average price is $80.79 and its 200 day moving average price is $65.52. The stock has a market capitalization of $17.55 billion, a P/E ratio of 98.24, a P/E/G ratio of 2.17 and a beta of 1.93. Celsius has a 1-year low of $32.99 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm 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 posted $0.01 EPS. Celsius’s revenue was up 95.2% on a year-over-year basis. On average, research analysts predict that Celsius will post 1.09 earnings per share for the current year.

Insider Transactions at Celsius

In other news, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the transaction, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the completion of the transaction, the director now directly owns 352,864 shares in the company, valued at $29,404,157.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now owns 25,035,885 shares of the company’s stock, valued at $1,493,891,257.95. The disclosure for this sale can be found here. Insiders sold a total of 1,186,215 shares of company stock worth $80,215,119 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC increased its position in shares of Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Heritage Wealth Advisors bought a new stake in shares of Celsius during the third quarter valued at approximately $32,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Celsius during the third quarter valued at approximately $36,000. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius during the first quarter valued at approximately $25,000. Finally, Signaturefd LLC increased its position in shares of Celsius by 212.0% during the third quarter. Signaturefd LLC now owns 337 shares of the company’s stock valued at $58,000 after purchasing an additional 229 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.