Roth Mkm Reaffirms “Buy” Rating for Celsius (NASDAQ:CELH)

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reaffirmed by Roth Mkm in a note issued to investors on Friday,Benzinga reports. They presently have a $38.00 price objective on the stock. Roth Mkm’s target price suggests a potential upside of 16.49% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Morgan Stanley restated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average price target of $47.67.

Celsius Price Performance

CELH stock opened at $32.62 on Friday. The company has a fifty day moving average price of $26.02 and a 200 day moving average price of $30.30. Celsius has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 74.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. As a group, analysts anticipate that Celsius will post 0.89 earnings per share for the current year.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several hedge funds have recently added to or reduced their stakes in CELH. Champlain Investment Partners LLC purchased a new position in Celsius during the 4th quarter valued at about $85,068,000. Contrarius Group Holdings Ltd purchased a new position in Celsius during the 4th quarter valued at about $75,535,000. Norges Bank purchased a new position in Celsius during the 4th quarter valued at about $72,579,000. Alyeska Investment Group L.P. grew its holdings in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after buying an additional 2,591,345 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Celsius during the fourth quarter worth about $61,160,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.