Celsius Holdings, Inc. (NASDAQ:CELH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Celsius Holdings, Inc. (NASDAQ:CELH – Get Free Report) has earned an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $50.28.

CELH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Truist Financial boosted their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Finally, Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th.

View Our Latest Analysis on CELH

Celsius Stock Performance

NASDAQ CELH opened at $26.34 on Wednesday. Celsius has a 52-week low of $25.23 and a 52-week high of $99.62. The stock has a market cap of $6.19 billion, a PE ratio of 36.58, a P/E/G ratio of 3.44 and a beta of 1.76. The firm has a 50-day moving average of $28.87 and a 200-day moving average of $37.56.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. grew its stake in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after buying an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Celsius in the 2nd quarter worth about $45,000. PrairieView Partners LLC bought a new position in Celsius in the second quarter valued at about $57,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Celsius during the second quarter valued at about $63,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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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