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

Celsius Holdings, Inc. (NASDAQ:CELH) has received an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $47.78.

Several brokerages have recently commented on CELH. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Roth Mkm reiterated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. Needham & Company LLC boosted their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th.

Celsius Stock Up 7.7 %

Shares of Celsius stock opened at $27.39 on Monday. The stock’s 50-day simple moving average is $25.80 and its 200-day simple moving average is $29.31. Celsius has a 52 week low of $21.10 and a 52 week high of $99.62. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 62.25, a PEG ratio of 2.90 and a beta of 1.90.

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

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the 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 sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after buying an additional 345,837 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock worth $376,455,000 after buying an additional 1,444,020 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after buying an additional 2,591,345 shares during the period. State Street Corp increased its holdings in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the period. Finally, FMR LLC increased its holdings in Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock worth $106,813,000 after purchasing an additional 1,585,839 shares during the period. 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.