Celsius’ (CELH) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Celsius (NASDAQ:CELH) in a report published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $38.00 price target on the stock.

CELH has been the topic of several other reports. Piper Sandler lowered their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Stifel Nicolaus lowered their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group cut their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Trading Down 2.0 %

Shares of Celsius stock opened at $24.88 on Tuesday. Celsius has a 1-year low of $24.55 and a 1-year high of $99.62. The firm has a fifty day simple moving average of $27.96 and a 200-day simple moving average of $33.14. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.79 and a beta of 1.79.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius during the 3rd quarter worth about $34,000. Signaturefd LLC grew its stake in 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 during the last quarter. Newbridge Financial Services Group Inc. increased its holdings 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 worth $37,000 after buying an additional 630 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius in the 3rd quarter worth approximately $39,000. 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.