Analysts Set Celsius Holdings Inc. (NASDAQ:CELH) Price Target at $62.95

by · The Cerbat Gem

Shares of Celsius Holdings Inc. (NASDAQ:CELH – Get Free Report) have received an average rating of “Moderate Buy” from the twenty-four research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.5789.

A number of research firms recently issued reports on CELH. Morgan Stanley set a $70.00 price objective on shares of Celsius in a research report on Tuesday, September 30th. The Goldman Sachs Group started coverage on Celsius in a research note on Thursday, September 11th. They issued a “buy” rating and a $72.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Needham & Company LLC boosted their target price on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Zacks Research downgraded Celsius from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Get Our Latest Analysis on CELH

Insider Buying and Selling

In other Celsius news, Director Hal Kravitz acquired 10,000 shares of Celsius stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the purchase, the director owned 216,147 shares of the company’s stock, valued at approximately $9,778,490.28. This represents a 4.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the sale, the chief financial officer directly owned 99,227 shares in the company, valued at $6,449,755. This trade represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CELH. Harbor Investment Advisory LLC purchased a new position in Celsius during the third quarter worth about $27,000. Brown Brothers Harriman & Co. lifted its stake in Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Celsius during the 1st quarter valued at about $34,000. Hantz Financial Services Inc. grew its holdings in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after purchasing an additional 738 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Celsius by 697.3% during the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock valued at $52,000 after acquiring an additional 788 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Down 0.3%

CELH stock opened at $43.84 on Wednesday. Celsius has a 1-year low of $21.10 and a 1-year high of $66.74. The business’s 50 day simple moving average is $51.20 and its 200 day simple moving average is $50.45. The company has a current ratio of 1.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.30 billion, a PE ratio of 438.40, a PEG ratio of 0.81 and a beta of 1.02.

Celsius (NASDAQ:CELH – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The firm’s quarterly revenue was up 172.9% on a year-over-year basis. As a group, research analysts anticipate that Celsius will post 0.89 EPS for the current year.

About Celsius

(Get Free Report)

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.

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