Celsius’ (CELH) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Celsius (NASDAQ:CELH) in a research note released on Thursday morning,Benzinga reports. Morgan Stanley currently has a $42.00 price target on the stock.

A number of other brokerages also recently commented on CELH. Piper Sandler reduced their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Needham & Company LLC initiated coverage on Celsius in a research report on Friday, December 6th. They issued a “buy” rating and a $38.00 target price for the company. Bank of America lowered their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. Finally, B. Riley lowered their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.28.

Celsius Stock Performance

NASDAQ CELH opened at $26.46 on Thursday. Celsius has a twelve month low of $25.23 and a twelve month high of $99.62. The stock has a market cap of $6.22 billion, a PE ratio of 36.75, a PEG ratio of 3.44 and a beta of 1.76. The firm has a 50-day simple moving average of $29.11 and a 200 day simple moving average of $38.22.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by insiders.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after acquiring an additional 165,329 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares during the last quarter. Geode Capital Management LLC lifted its stake in Celsius by 3.6% in the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after buying an additional 104,896 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Celsius by 993.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after buying an additional 1,072,859 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.