Celsius (NASDAQ:CELH) Earns Buy Rating from Needham & Company LLC

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $38.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 30.14% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group dropped their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. UBS Group cut their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. initiated coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Stifel Nicolaus reduced their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Truist Financial raised their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.28.

Celsius Price Performance

Shares of CELH stock opened at $29.20 on Monday. Celsius has a one year low of $25.23 and a one year high of $99.62. The company has a market cap of $6.86 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.44 and a beta of 1.79. The firm has a 50-day moving average of $28.59 and a 200-day moving average of $36.60.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the third quarter valued at $34,000. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter. Finally, Activest Wealth Management bought a new position in shares of Celsius in the third quarter worth approximately $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.