Celsius Holdings, Inc. (NASDAQ:CELH) Receives $47.56 Consensus Price Target from Brokerages

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $47.56.

CELH has been the subject of a number of research reports. LADENBURG THALM/SH SH lowered their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. B. Riley reduced their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Roth Mkm reduced their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th.

Celsius Stock Performance

NASDAQ CELH opened at $22.34 on Thursday. The business has a 50 day simple moving average of $26.52 and a 200 day simple moving average of $30.91. Celsius has a 52-week low of $21.10 and a 52-week high of $99.62. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.44 and a beta of 1.78.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after buying an additional 26,801 shares during the period. Van ECK Associates Corp increased its position in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after buying an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. increased its position in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after buying an additional 25,315 shares during the period. Finally, Vontobel Holding Ltd. increased its position in Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after buying an additional 22,786 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.