UBS Group Issues Positive Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target increased by equities researchers at UBS Group from $49.00 to $57.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 28.29% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Piper Sandler lifted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Needham & Company LLC lifted their target price on shares of Celsius from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their target price on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Truist Financial lifted their target price on shares of Celsius from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Celsius from a “sell” rating to a “hold” rating in a research note on Sunday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.47.

Celsius Trading Down 0.0%

CELH stock opened at $44.43 on Thursday. The firm has a 50 day moving average of $41.74 and a 200-day moving average of $34.04. Celsius has a 12 month low of $21.10 and a 12 month high of $51.15. The firm has a market capitalization of $11.45 billion, a P/E ratio of 138.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Celsius had a net margin of 8.40% and a return on equity of 42.12%. The company had revenue of $329.28 million for the quarter, compared to the consensus estimate of $349.09 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Sell-side analysts predict that Celsius will post 0.89 EPS for the current year.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 300,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the transaction, the insider directly owned 18,017,770 shares of the company’s stock, valued at approximately $851,699,987.90. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Fieldly sold 132,171 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the transaction, the chief executive officer directly owned 1,169,380 shares in the company, valued at approximately $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 562,974 shares of company stock worth $25,758,418. Insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SWS Partners bought a new stake in shares of Celsius during the 2nd quarter valued at $1,719,000. Signaturefd LLC boosted its holdings in shares of Celsius by 23.5% during the 2nd quarter. Signaturefd LLC now owns 3,816 shares of the company’s stock valued at $177,000 after buying an additional 726 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Celsius during the 2nd quarter valued at $1,048,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Celsius by 162.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 142,315 shares of the company’s stock valued at $6,602,000 after buying an additional 88,090 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Celsius by 10.2% during the 2nd quarter. Ballentine Partners LLC now owns 7,348 shares of the company’s stock valued at $341,000 after buying an additional 678 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

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.