Celsius Holdings Inc. (NASDAQ:CELH) Given Average Rating of “Moderate Buy” by Analysts

Celsius Holdings Inc. (NASDAQ:CELH) has been assigned an average rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $62.95.

A number of brokerages have issued reports on CELH. Stifel Nicolaus cut their price target on shares of Celsius from $74.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Citigroup cut their price target on shares of Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Zacks Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Celsius in a research report on Thursday, November 6th. Finally, Bank of America decreased their price target on shares of Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, November 7th.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the transaction, the insider owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. The trade was a 15.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hal Kravitz acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $45.24 per share, with a total value of $452,400.00. Following the completion of the acquisition, the director directly owned 216,147 shares of the company’s stock, valued at $9,778,490.28. The trade was a 4.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds have recently bought and sold shares of CELH. Spire Wealth Management raised its stake in Celsius by 7.6% during the 3rd quarter. Spire Wealth Management now owns 2,547 shares of the company’s stock worth $146,000 after acquiring an additional 180 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Celsius by 0.6% in the third quarter. KLP Kapitalforvaltning AS now owns 33,100 shares of the company’s stock worth $1,903,000 after acquiring an additional 200 shares during the period. TriaGen Wealth Management LLC grew its position in shares of Celsius by 1.4% during the third quarter. TriaGen Wealth Management LLC now owns 15,824 shares of the company’s stock worth $910,000 after purchasing an additional 218 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Celsius by 1.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 18,459 shares of the company’s stock valued at $1,061,000 after purchasing an additional 238 shares during the period. Finally, MGB Wealth Management LLC boosted its stake in Celsius by 3.8% in the 3rd quarter. MGB Wealth Management LLC now owns 6,900 shares of the company’s stock worth $397,000 after purchasing an additional 250 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Trading Down 2.5%

CELH stock opened at $43.21 on Wednesday. Celsius has a one year low of $21.10 and a one year high of $66.74. The company has a market capitalization of $11.14 billion, a PE ratio of 432.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. The company’s 50 day moving average price is $52.07 and its two-hundred day moving average price is $50.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.89.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. The firm had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.Celsius’s revenue for the quarter was up 172.9% compared to the same quarter last year. As a group, analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

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.