Celsius’ (CELH) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Celsius (NASDAQ:CELH) in a research report released on Thursday,Benzinga reports. They currently have a $47.00 price target on the stock.

Several other research analysts also recently weighed in on CELH. Roth Mkm restated a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Friday, February 21st. B. Riley restated 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. Stifel Nicolaus dropped their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Truist Financial upgraded Celsius from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $45.00 in a research note on Monday, March 31st. Finally, LADENBURG THALM/SH SH dropped their price target on Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Celsius Trading Up 3.6%

Shares of NASDAQ:CELH opened at $37.64 on Thursday. The stock has a 50 day moving average of $36.34 and a 200 day moving average of $30.41. The company has a market cap of $9.70 billion, a PE ratio of 85.55, a price-to-earnings-growth ratio of 2.90 and a beta of 1.65. Celsius has a 12-month low of $21.10 and a 12-month high of $79.52.

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

Insider Activity

In related news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $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 and other institutional investors have recently bought and sold shares of CELH. HM Payson & Co. increased its stake in Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 550 shares during the period. Westside Investment Management Inc. purchased a new stake in Celsius in the first quarter worth $32,000. Summit Securities Group LLC purchased a new stake in Celsius in the first quarter worth $34,000. S.A. Mason LLC increased its stake in 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 purchasing an additional 700 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the period. 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.