Celsius (NASDAQ:CELH) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Celsius (NASDAQ:CELH) from a hold rating to a buy rating in a research note published on Monday morning, BidAskClub reports.

A number of other equities research analysts also recently weighed in on CELH. Roth Capital lifted their price target on shares of Celsius from $14.50 to $25.00 and gave the company a buy rating in a research report on Thursday, August 6th. ValuEngine upgraded shares of Celsius from a hold rating to a buy rating in a research report on Monday, October 12th. Zacks Investment Research downgraded shares of Celsius from a buy rating to a hold rating in a research report on Wednesday, October 7th. LADENBURG THALM/SH SH lifted their price target on shares of Celsius from $11.75 to $23.50 and gave the company a buy rating in a research report on Friday, August 7th. Finally, Maxim Group lifted their price target on shares of Celsius from $26.00 to $30.00 and gave the company a buy rating in a research report on Friday, October 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $20.20.

Shares of CELH stock opened at $20.72 on Monday. The firm has a 50 day moving average price of $21.25 and a two-hundred day moving average price of $14.04. The company has a market capitalization of $1.58 billion, a PE ratio of 440.60 and a beta of 1.50. Celsius has a 12-month low of $3.22 and a 12-month high of $26.76.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $30.04 million during the quarter, compared to the consensus estimate of $23.97 million. Celsius had a net margin of 1.84% and a return on equity of 3.60%. Research analysts forecast that Celsius will post 0.08 earnings per share for the current fiscal year.

In related news, major shareholder Carl Desantis sold 720,784 shares of Celsius stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $15.30, for a total value of $11,027,995.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nicholas Castaldo sold 100,000 shares of Celsius stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $15.30, for a total transaction of $1,530,000.00. Following the completion of the transaction, the director now directly owns 68,978 shares in the company, valued at $1,055,363.40. The disclosure for this sale can be found here. Company insiders own 37.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Driehaus Capital Management LLC bought a new stake in shares of Celsius during the second quarter worth $6,497,000. Geode Capital Management LLC grew its stake in shares of Celsius by 16.9% during the first quarter. Geode Capital Management LLC now owns 449,203 shares of the company’s stock worth $1,891,000 after buying an additional 65,013 shares during the last quarter. State Street Corp grew its stake in shares of Celsius by 13.5% during the first quarter. State Street Corp now owns 431,056 shares of the company’s stock worth $1,815,000 after buying an additional 51,298 shares during the last quarter. EAM Investors LLC grew its stake in shares of Celsius by 23.9% during the second quarter. EAM Investors LLC now owns 354,795 shares of the company’s stock worth $4,176,000 after buying an additional 68,421 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Celsius by 210.1% during the second quarter. Nuveen Asset Management LLC now owns 284,064 shares of the company’s stock worth $3,343,000 after buying an additional 192,455 shares during the last quarter. 45.78% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, green tea/grapefruit melon, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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