Celsius (NASDAQ:CELH) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius (NASDAQ:CELH) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $32.00 price target on the stock.

CELH has been the topic of several other research reports. UBS Group reduced their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Needham & Company LLC assumed coverage on shares of Celsius in a report on Friday, December 6th. They set a “buy” rating and a $38.00 target price on the stock. Bank of America dropped their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Finally, Truist Financial increased their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.28.

Celsius Stock Performance

CELH stock opened at $31.79 on Thursday. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The firm’s fifty day moving average is $30.05 and its 200 day moving average is $41.44. The firm has a market cap of $7.47 billion, a P/E ratio of 44.15, a P/E/G ratio of 3.44 and a beta of 1.76.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Celsius by 19.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Van ECK Associates Corp increased its stake in shares of Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after acquiring an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. increased its stake in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Celsius in the 3rd quarter worth about $2,772,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.