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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $47.56.

A number of analysts have recently issued reports on the company. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. UBS Group cut their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus reduced their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Tuesday, January 28th. Finally, Roth Mkm reduced their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, December 16th.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated 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 owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the company. Champlain Investment Partners LLC acquired a new position in shares of Celsius in the 4th quarter worth approximately $85,068,000. Contrarius Group Holdings Ltd acquired a new position in Celsius in the fourth quarter worth $75,535,000. Norges Bank bought a new stake in Celsius during the fourth quarter valued at $72,579,000. Alyeska Investment Group L.P. raised its holdings in shares of Celsius by 60.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock worth $181,164,000 after purchasing an additional 2,591,345 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Celsius in the 4th quarter worth about $61,160,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Up 14.7 %

CELH stock opened at $26.09 on Thursday. The company has a market cap of $6.13 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.52 and a beta of 1.78. The stock has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $30.47. Celsius has a 12-month low of $21.10 and a 12-month high of $99.62.

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.