Celsius’ (CELH) “Equal Weight” Rating Reaffirmed at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Celsius (NASDAQ:CELHFree Report) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $75.00 price objective on the stock.

CELH has been the topic of a number of other research reports. Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the company a buy rating in a research note on Monday, April 1st. Piper Sandler upped their target price on Celsius from $76.00 to $90.00 and gave the company an overweight rating in a research note on Friday, March 1st. Stifel Nicolaus cut their target price on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research note on Thursday, May 2nd. Roth Mkm upped their target price on Celsius from $90.00 to $105.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Stifel Europe upped their target price on Celsius from $90.00 to $95.00 and gave the company a buy rating in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Celsius presently has a consensus rating of Moderate Buy and an average price target of $87.56.

Read Our Latest Research Report on Celsius

Celsius Price Performance

Shares of CELH stock opened at $59.96 on Tuesday. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The stock’s 50 day simple moving average is $78.46 and its two-hundred day simple moving average is $69.45. The company has a market cap of $13.98 billion, a PE ratio of 65.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.93.

Celsius (NASDAQ:CELHGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. Equities research analysts expect that Celsius will post 1.1 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the sale, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $69.42, for a total value of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Celsius by 6.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the company’s stock valued at $505,000 after purchasing an additional 185 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Celsius in the 3rd quarter worth $340,000. State of New Jersey Common Pension Fund D raised its stake in Celsius by 12.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,516 shares of the company’s stock worth $4,893,000 after acquiring an additional 3,055 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Celsius in the 3rd quarter worth $3,763,000. Finally, Rhumbline Advisers raised its stake in Celsius by 4.7% in the 3rd quarter. Rhumbline Advisers now owns 149,670 shares of the company’s stock worth $25,683,000 after acquiring an additional 6,687 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

(Get Free Report)

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.

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Analyst Recommendations for Celsius (NASDAQ:CELH)

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