Celsius Holdings, Inc. (NASDAQ:CELH) Given Average Recommendation of “Moderate Buy” by Analysts

Celsius Holdings, Inc. (NASDAQ:CELH) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $81.82.

Several equities analysts have weighed in on the company. BNP Paribas assumed coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. UBS Group reduced their price objective on Celsius from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Maxim Group reduced their price objective on Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Morgan Stanley reissued an “equal weight” rating and set a $68.00 price objective on shares of Celsius in a report on Tuesday. Finally, Wedbush cut their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th.

Celsius Trading Down 0.9 %

Shares of CELH opened at $55.55 on Wednesday. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 61.04, a PEG ratio of 1.65 and a beta of 1.90. The stock has a 50 day moving average of $73.22 and a 200 day moving average of $70.62. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. During the same period last year, the business posted $0.13 earnings per share. Celsius’s revenue was up 36.9% on a year-over-year basis. As a group, equities research analysts predict that Celsius will post 1.07 earnings per share for the current year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the completion of the sale, the insider now owns 23,964,450 shares of the company’s stock, valued at $1,429,958,731.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares in the company, valued at approximately $1,429,958,731.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of large investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in shares of Celsius in the first quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares during the period. Rise Advisors LLC increased its holdings in shares of Celsius by 1,370.0% in the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock worth $37,000 after buying an additional 411 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of Celsius in the fourth quarter worth about $25,000. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Celsius in the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.