Celsius’ (CELH) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Celsius (NASDAQ:CELH) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $65.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the company. Stifel Europe increased their target price on Celsius from $90.00 to $95.00 and gave the company a buy rating in a report on Monday, March 18th. Wedbush dropped their target price on Celsius from $85.00 to $83.00 and set an outperform rating for the company in a report on Wednesday, June 12th. Truist Financial initiated coverage on Celsius in a report on Tuesday, June 25th. They set a hold rating and a $60.00 target price for the company. Morgan Stanley reiterated an equal weight rating and issued a $68.00 price objective on shares of Celsius in a report on Tuesday, June 25th. Finally, Maxim Group dropped their price objective on Celsius from $110.00 to $90.00 and set a buy rating for the company in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $80.22.

Celsius Trading Up 2.8 %

Shares of Celsius stock opened at $58.52 on Tuesday. The firm has a market capitalization of $13.64 billion, a PE ratio of 64.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.90. The business’s 50-day moving average price is $72.28 and its 200-day moving average price is $70.47. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. Celsius’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. As a group, analysts predict that Celsius will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now directly owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd raised its stake in shares of Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after purchasing an additional 181 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock worth $500,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

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.