Celsius (NASDAQ:CELH) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of Celsius (NASDAQ:CELH) from a hold rating to a buy rating in a report published on Monday morning, MarketBeat.com reports. The brokerage currently has $45.00 target price on the stock, up from their previous target price of $35.00.

A number of other brokerages have also recently commented on CELH. Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. JPMorgan Chase & Co. initiated coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price target on the stock. Needham & Company LLC upped their price target on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Celsius Trading Up 5.9 %

CELH opened at $35.62 on Monday. The stock has a market cap of $8.38 billion, a PE ratio of 80.96, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius has a 1 year low of $21.10 and a 1 year high of $98.85. The stock’s 50 day simple moving average is $27.03 and its 200-day simple moving average is $28.79.

Celsius (NASDAQ:CELH) last announced 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. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Equities analysts forecast that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CELH. HM Payson & Co. lifted its holdings in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 550 shares during the period. S.A. Mason LLC lifted its stake in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC lifted its stake in shares of Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. boosted its position in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Finally, Knuff & Co LLC acquired a new stake in shares of Celsius during the fourth quarter worth $50,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.