Celsius (NASDAQ:CELH) Trading Up 5.3% Following Analyst Upgrade

Celsius Holdings, Inc. (NASDAQ:CELH) traded up 5.3% on Wednesday after Needham & Company LLC raised their price target on the stock from $40.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Celsius traded as high as $35.15 and last traded at $35.68. 1,191,763 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 7,619,480 shares. The stock had previously closed at $33.89.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. LADENBURG THALM/SH SH lowered their price target on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Jefferies Financial Group dropped their price target on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.29.

Insider Transactions at Celsius

In related news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares of the company’s stock, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Celsius by 102.2% in the 1st quarter. Parallel Advisors LLC now owns 2,382 shares of the company’s stock valued at $85,000 after buying an additional 1,204 shares during the period. GAMMA Investing LLC increased its holdings in Celsius by 4,164.4% during the 1st quarter. GAMMA Investing LLC now owns 73,092 shares of the company’s stock worth $2,604,000 after purchasing an additional 71,378 shares during the period. Moody National Bank Trust Division increased its stake in Celsius by 1.3% in the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company’s stock valued at $968,000 after purchasing an additional 344 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after buying an additional 750 shares during the last quarter. Finally, American Assets Investment Management LLC purchased a new position in Celsius in the 4th quarter valued at $1,054,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 5.8 %

The stock has a market capitalization of $8.43 billion, a PE ratio of 81.45, a PEG ratio of 2.90 and a beta of 1.58. The firm’s fifty day moving average is $28.40 and its 200-day moving average is $28.90.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, analysts expect that Celsius Holdings, Inc. will post 0.89 EPS for the current 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.