Needham & Company LLC Boosts Celsius (NASDAQ:CELH) Price Target to $47.00

Celsius (NASDAQ:CELH) had its price objective boosted by Needham & Company LLC from $45.00 to $47.00 in a research note issued to investors on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Stifel Nicolaus reduced their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. B. Riley reissued a “buy” rating and issued a $49.00 price target (up previously from $44.00) on shares of Celsius in a report on Friday, February 21st. Piper Sandler increased their price objective on Celsius from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, April 17th. Finally, Roth Mkm restated a “buy” rating and set a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $39.05 on Thursday. Celsius has a 52-week low of $21.10 and a 52-week high of $98.85. The business has a fifty day moving average of $34.94 and a two-hundred day moving average of $29.87. The stock has a market cap of $10.06 billion, a PE ratio of 88.75, a PEG ratio of 2.90 and a beta of 1.65.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Celsius’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts predict that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.55% of the stock is owned by insiders.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently modified their holdings of the business. HM Payson & Co. raised its stake in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after purchasing an additional 550 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Celsius during the first quarter worth about $32,000. Summit Securities Group LLC purchased a new position in shares of Celsius in the 1st quarter worth about $34,000. S.A. Mason LLC increased its position in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.