Celsius (NASDAQ:CELH) Stock Rating Upgraded by TD Cowen

Celsius (NASDAQ:CELH) was upgraded by investment analysts at TD Cowen from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports. The firm currently has a $55.00 price target on the stock, up from their prior price target of $37.00. TD Cowen’s price objective would suggest a potential upside of 24.55% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Celsius in a report on Thursday, June 12th. They issued a “buy” rating and a $47.00 price objective for the company. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Piper Sandler boosted their price objective on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Finally, B. Riley restated a “buy” rating and issued a $49.00 price objective (up from $44.00) on shares of Celsius in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.24.

Celsius Price Performance

Shares of Celsius stock opened at $44.16 on Monday. Celsius has a 1 year low of $21.10 and a 1 year high of $64.19. The firm has a market cap of $11.38 billion, a PE ratio of 138.00, a PEG ratio of 1.57 and a beta of 1.43. The company has a 50 day simple moving average of $37.64 and a two-hundred day simple moving average of $31.45.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, research analysts anticipate that Celsius will post 0.89 earnings per share for the current year.

Insider Activity

In other Celsius news, CEO John Fieldly sold 132,171 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the completion of the sale, the chief executive officer now directly owns 1,169,380 shares of the company’s stock, valued at approximately $50,353,502.80. This represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds have recently modified their holdings of CELH. Louisiana State Employees Retirement System boosted its position in shares of Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after purchasing an additional 400 shares during the period. Valmark Advisers Inc. bought a new position in shares of Celsius in the fourth quarter worth approximately $307,000. State of New Jersey Common Pension Fund D boosted its position in shares of Celsius by 33.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,921 shares of the company’s stock worth $2,026,000 after purchasing an additional 19,070 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Celsius by 102.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,823 shares of the company’s stock worth $601,000 after purchasing an additional 11,528 shares during the period. Finally, Peregrine Capital Management LLC bought a new position in shares of Celsius in the fourth quarter worth approximately $6,439,000. 60.95% of the stock is currently owned by 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.