Analysts Set Celsius Holdings, Inc. (NASDAQ:CELH) Price Target at $50.28

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $50.28.

Several brokerages have recently issued reports on CELH. B. Riley decreased their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. UBS Group dropped their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Piper Sandler dropped their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius in the third quarter valued at approximately $34,000. Signaturefd LLC lifted its holdings in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. increased its stake in Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius during the third quarter worth $39,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Trading Down 4.4 %

NASDAQ CELH opened at $26.46 on Wednesday. Celsius has a 1 year low of $25.23 and a 1 year high of $99.62. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 3.44 and a beta of 1.76. The firm’s 50 day simple moving average is $29.11 and its 200 day simple moving average is $38.41.

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.