Brokerages Set Celsius Holdings Inc. (NASDAQ:CELH) Target Price at $47.24

Celsius Holdings Inc. (NASDAQ:CELH) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.24.

A number of research firms have commented on CELH. JPMorgan Chase & Co. raised their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Piper Sandler raised their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. UBS Group raised their target price on shares of Celsius from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Needham & Company LLC restated a “buy” rating and set a $47.00 target price on shares of Celsius in a research note on Thursday, May 29th. Finally, B. Riley restated a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 132,171 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the completion of the transaction, the chief executive officer now directly owns 1,169,380 shares of the company’s stock, valued at approximately $50,353,502.80. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HM Payson & Co. grew its holdings in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Celsius in the first quarter valued at $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius in the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after purchasing an additional 750 shares in the last quarter. Finally, Knuff & Co LLC purchased a new position in shares of Celsius in the fourth quarter valued at $50,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 1.6%

Shares of NASDAQ:CELH opened at $43.37 on Wednesday. The firm’s 50 day moving average price is $38.07 and its 200-day moving average price is $31.73. Celsius has a twelve month low of $21.10 and a twelve month high of $62.68. The stock has a market capitalization of $11.18 billion, a PE ratio of 135.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a return on equity of 42.12% and a net margin of 8.40%. The business had revenue of $329.28 million during the quarter, compared to the consensus estimate of $349.09 million. During the same quarter last year, the company earned $0.27 EPS. Celsius’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

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.