Analysts Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $49.94

Celsius Holdings, Inc. (NASDAQ:CELH) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $49.94.

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Truist Financial lifted their target price on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 target price on shares of Celsius in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated 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 completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius during the third quarter valued at approximately $34,000. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings 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 valued at $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management purchased a new position in shares of Celsius during the third quarter valued at approximately $39,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 1.5 %

Shares of Celsius stock opened at $26.81 on Friday. The firm has a market cap of $6.30 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.99 and a beta of 1.79. Celsius has a 12-month low of $25.23 and a 12-month high of $99.62. The company’s fifty day simple moving average is $28.09 and its two-hundred day simple moving average is $34.48.

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.