Celsius (NASDAQ:CELH) Given New $35.00 Price Target at Truist Financial

Celsius (NASDAQ:CELH) had its price target lifted by Truist Financial from $30.00 to $35.00 in a report published on Wednesday morning, Marketbeat Ratings reports. Truist Financial currently has a hold rating on the stock.

Several other research analysts have also recently weighed in on CELH. UBS Group reduced their price target on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group dropped their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Roth Mkm reduced their price objective on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, B. Riley dropped their target price on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Celsius Stock Down 1.1 %

CELH opened at $33.78 on Wednesday. The stock has a market cap of $7.87 billion, a P/E ratio of 37.12, a P/E/G ratio of 2.29 and a beta of 1.84. Celsius has a 12 month low of $28.20 and a 12 month high of $99.62. The company has a fifty day simple moving average of $34.98 and a 200 day simple moving average of $56.53.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. During the same quarter last year, the firm posted $0.17 earnings per share. Celsius’s revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts expect that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently added to or reduced their stakes in CELH. Secure Asset Management LLC raised its position in shares of Celsius by 63.3% in the third quarter. Secure Asset Management LLC now owns 10,264 shares of the company’s stock valued at $322,000 after purchasing an additional 3,977 shares during the period. nVerses Capital LLC acquired a new position in Celsius in the 3rd quarter valued at about $72,000. Vontobel Holding Ltd. raised its holdings in Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the period. Swedbank AB lifted its position in Celsius by 49.7% during the third quarter. Swedbank AB now owns 11,507 shares of the company’s stock worth $361,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of Celsius by 41.7% during the third quarter. Creative Planning now owns 30,460 shares of the company’s stock worth $955,000 after acquiring an additional 8,966 shares during the period. Institutional investors and hedge funds 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.