Celsius’ (CELH) “Equal Weight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Celsius (NASDAQ:CELH) in a report published on Thursday,Benzinga reports. They currently have a $42.00 price objective on the stock.

CELH has been the subject of several other reports. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Stifel Nicolaus decreased their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Roth Mkm decreased their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, LADENBURG THALM/SH SH dropped their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.28.

Celsius Stock Performance

CELH opened at $27.68 on Thursday. The company has a fifty day moving average price of $29.35 and a two-hundred day moving average price of $38.76. The firm has a market capitalization of $6.51 billion, a PE ratio of 38.44, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CELH. Arkadios Wealth Advisors raised its position in Celsius by 4.1% during the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock worth $414,000 after acquiring an additional 289 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Celsius by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the period. Assenagon Asset Management S.A. raised its stake in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Arizona State Retirement System lifted its position in shares of Celsius by 0.9% in the second quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock valued at $2,376,000 after buying an additional 375 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.