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

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $87.56.

Several research firms have recently commented on CELH. Jefferies Financial Group decreased their price target on shares of Celsius from $104.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday. Maxim Group increased their price objective on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Morgan Stanley dropped their target price on Celsius from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday. TD Cowen decreased their price target on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wedbush dropped their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday.

Celsius Trading Down 3.4 %

Shares of CELH opened at $59.96 on Friday. The stock has a market cap of $13.98 billion, a PE ratio of 65.89, a PEG ratio of 1.72 and a beta of 1.93. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The stock has a 50 day simple moving average of $78.46 and a 200-day simple moving average of $69.45.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, sell-side analysts forecast that Celsius will post 1.1 EPS for the current fiscal year.

Insider Transactions at Celsius

In other Celsius news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the transaction, the director now directly owns 201,282 shares in the company, valued at $18,169,726.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the sale, the insider now directly owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the transaction, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CELH. Covestor Ltd lifted its holdings in Celsius by 12.9% during the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after buying an additional 127 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Celsius by 0.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after acquiring an additional 181 shares during the last quarter. Heritage Wealth Advisors bought a new stake in Celsius in the third quarter valued at approximately $32,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Celsius by 6.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the company’s stock worth $505,000 after purchasing an additional 185 shares during the last quarter. Institutional investors 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.