Celsius (NASDAQ:CELH) Given “Buy” Rating at Needham & Company LLC

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $38.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 49.72% from the stock’s previous close.

Several other research firms also recently commented on CELH. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. LADENBURG THALM/SH SH cut their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Roth Mkm lowered their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. Finally, B. Riley cut their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average price target of $48.00.

Celsius Price Performance

NASDAQ CELH opened at $25.38 on Tuesday. Celsius has a one year low of $24.55 and a one year high of $99.62. The business’s fifty day moving average is $28.01 and its 200-day moving average is $33.61. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.79 and a beta of 1.79.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Celsius in the 3rd quarter worth $34,000. Signaturefd LLC grew its stake in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares in the last quarter. S.A. Mason LLC grew its stake in shares of Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after acquiring an additional 700 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of Celsius during the third quarter valued at $39,000. 60.95% of the stock is currently owned by institutional investors.

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.