Celsius (NASDAQ:CELH) Price Target Raised to $40.00 at Needham & Company LLC

Celsius (NASDAQ:CELH) had its target price increased by Needham & Company LLC from $38.00 to $40.00 in a report issued on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Piper Sandler lowered their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. B. Riley reaffirmed a “buy” rating and set a $49.00 price target (up from $44.00) on shares of Celsius in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Celsius Price Performance

Shares of CELH opened at $26.88 on Tuesday. The firm has a market capitalization of $6.32 billion, a PE ratio of 61.09, a PEG ratio of 2.90 and a beta of 1.78. The company’s 50-day moving average is $26.02 and its 200-day moving average is $30.18. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other 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 shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $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 accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Celsius

Hedge funds have recently made changes to their positions in the stock. HM Payson & Co. boosted its stake in shares of Celsius by 122.2% in the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. S.A. Mason LLC boosted its stake in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in Celsius during the 3rd quarter worth approximately $39,000. Finally, Blue Trust Inc. boosted its position in Celsius by 69.0% during the 3rd quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after buying an additional 549 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.