Celsius (NASDAQ:CELH) Earns Equal Weight Rating from Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Celsius (NASDAQ:CELH) in a research report released on Tuesday, Benzinga reports. The firm currently has a $68.00 target price on the stock.

A number of other research firms have also weighed in on CELH. Truist Financial initiated coverage on shares of Celsius in a research report on Tuesday. They set a hold rating and a $60.00 target price for the company. Stifel Nicolaus cut their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating for the company in a research report on Wednesday, June 12th. Piper Sandler upped their price objective on shares of Celsius from $76.00 to $90.00 and gave the company an overweight rating in a research report on Friday, March 1st. UBS Group cut their price objective on shares of Celsius from $99.00 to $92.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Finally, BNP Paribas assumed coverage on shares of Celsius in a research report on Monday. They set an outperform rating and a $87.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Celsius presently has a consensus rating of Moderate Buy and a consensus target price of $81.82.

Celsius Price Performance

Celsius stock opened at $57.54 on Tuesday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 63.23, a P/E/G ratio of 1.61 and a beta of 1.93. Celsius has a fifty-two week low of $45.03 and a fifty-two week high of $99.62. The firm has a fifty day moving average price of $75.24 and a two-hundred day moving average price of $69.99.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million during 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 business’s revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, sell-side analysts expect that Celsius will post 1.07 earnings per share for the current year.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares in the company, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold 1,776,696 shares of company stock valued at $107,920,209 over the last three months. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Celsius by 18.7% during the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after buying an additional 2,567,290 shares during the period. Capital International Investors boosted its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Celsius by 0.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after buying an additional 9,054 shares during the period. Institutional investors own 60.95% of the company’s stock.

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.