Equities Analysts Issue Forecasts for Celsius Holdings, Inc.’s Q4 2024 Earnings (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at Roth Capital dropped their Q4 2024 EPS estimates for Celsius in a research note issued to investors on Monday, April 29th. Roth Capital analyst S. Mcgowan now anticipates that the company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Celsius’ current full-year earnings is $1.09 per share.

Several other equities research analysts also recently commented on the company. Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wedbush raised their price objective on shares of Celsius from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Bank of America downgraded Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Stifel Europe boosted their price target on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Roth Mkm upped their price objective on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.10.

Celsius Stock Performance

Celsius stock opened at $72.34 on Tuesday. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 93.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.86. The firm’s 50 day moving average price is $80.34 and its two-hundred day moving average price is $65.26. Celsius has a 1 year low of $32.29 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business had revenue of $347.44 million during the quarter, compared to analyst estimates of $326.77 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s revenue was up 95.2% on a year-over-year basis.

Hedge Funds Weigh In On Celsius

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Celsius by 142.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company’s stock worth $2,163,000 after buying an additional 15,316 shares in the last quarter. Peterson Wealth Services bought a new stake in Celsius in the first quarter valued at approximately $954,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Celsius by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,515 shares of the company’s stock valued at $5,563,000 after purchasing an additional 10,634 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Celsius during the 1st quarter worth about $466,000. Finally, Dillon & Associates Inc. acquired a new position in shares of Celsius in the first quarter valued at approximately $2,574,000. 60.95% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Deborah Desantis sold 67,063 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $50.28, for a total value of $3,371,927.64. Following the completion of the sale, the insider now owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now directly owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Deborah Desantis sold 67,063 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $50.28, for a total value of $3,371,927.64. Following the completion of the sale, the insider now owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,253,278 shares of company stock valued at $83,587,047. 2.20% of the stock is currently owned by insiders.

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.