Celsius (NASDAQ:CELH) Coverage Initiated at Needham & Company LLC

Investment analysts at Needham & Company LLC started coverage on shares of Celsius (NASDAQ:CELH) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 34.90% from the company’s current price.

A number of other research firms have also commented on CELH. Roth Mkm reduced their price objective on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Bank of America reduced their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Truist Financial upped their price objective 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. Finally, LADENBURG THALM/SH SH reduced their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $53.38.

Celsius Price Performance

CELH opened at $28.17 on Friday. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.35 and a beta of 1.76. The company’s 50 day moving average price is $30.01 and its two-hundred day moving average price is $43.56.

Insiders Place Their Bets

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% in the third 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. Van ECK Associates Corp lifted its position in shares of Celsius by 169.8% during the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after purchasing an additional 18,456 shares in the last quarter. Savoir Faire Capital Management L.P. lifted its position in shares of Celsius by 17.1% during the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after purchasing an additional 25,315 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after purchasing an additional 22,786 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Celsius during the third quarter valued at about $984,000. Institutional investors and hedge funds 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.