Celsius (NASDAQ:CELH) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Celsius (NASDAQ:CELH) in a research note released on Monday morning,Benzinga reports. The firm currently has a $38.00 price target on the stock.

A number of other analysts have also weighed in on CELH. Roth Mkm cut their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. LADENBURG THALM/SH SH cut their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Jefferies Financial Group lowered their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Celsius Stock Performance

Shares of CELH stock opened at $29.01 on Monday. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The company has a 50 day moving average price of $28.55 and a 200 day moving average price of $36.37. The stock has a market capitalization of $6.82 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 3.44 and a beta of 1.79.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on 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 transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Celsius during the third quarter worth about $34,000. Signaturefd LLC raised its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in shares of Celsius in the third quarter valued at approximately $39,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.