Brokerages Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $47.78

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.78.

Several analysts have commented on CELH shares. Stifel Nicolaus decreased their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. UBS Group decreased their target price on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th.

Celsius Stock Down 1.2 %

Shares of CELH stock opened at $27.49 on Monday. Celsius has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a 50 day moving average price of $25.88 and a 200-day moving average price of $29.13. The firm has a market capitalization of $6.46 billion, a PE ratio of 62.48, a P/E/G ratio of 2.90 and a beta of 1.90.

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

Insider Activity at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. HM Payson & Co. lifted its holdings in Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the third quarter valued at about $39,000. S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC boosted its position in Celsius by 185.7% during the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Celsius during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors 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.