Celsius Holdings, Inc. (NASDAQ:CELH) Receives $50.28 Consensus PT from Analysts

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.28.

A number of analysts have commented on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday. LADENBURG THALM/SH SH cut their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Maxim Group lowered their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler cut their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Finally, B. Riley lowered their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Celsius Stock Performance

NASDAQ CELH opened at $26.46 on Wednesday. The business has a fifty day moving average price of $29.11 and a 200 day moving average price of $38.05. The company has a market cap of $6.22 billion, a P/E ratio of 36.75, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius has a one year low of $25.23 and a one year high of $99.62.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’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 completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Hedge funds have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius in the 3rd quarter valued at about $34,000. Signaturefd LLC grew its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Celsius by 353.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after buying an additional 630 shares during the period. Finally, Activest Wealth Management acquired a new stake in Celsius during the third quarter worth approximately $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.