Celsius (NASDAQ:CELH) Reaches New 1-Year High After Analyst Upgrade

Shares of Celsius Holdings Inc. (NASDAQ:CELH) reached a new 52-week high on Tuesday after B. Riley raised their price target on the stock from $49.00 to $52.00. B. Riley currently has a buy rating on the stock. Celsius traded as high as $48.47 and last traded at $47.55, with a volume of 1476780 shares traded. The stock had previously closed at $46.96.

Other analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Celsius from a “sell” rating to a “hold” rating in a report on Sunday, July 13th. Roth Capital restated a “buy” rating and set a $52.00 price target (up previously from $46.00) on shares of Celsius in a research note on Thursday, June 26th. Piper Sandler upped their price objective on Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Citigroup assumed coverage on Celsius in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $55.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Celsius from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.28.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the sale, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Deborah Desantis sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $47.00, for a total value of $4,700,000.00. Following the completion of the sale, the insider owned 17,917,770 shares of the company’s stock, valued at $842,135,190. The trade was a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 762,974 shares of company stock worth $35,158,418 in the last 90 days. 2.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in Celsius in the 1st quarter worth $32,000. Summit Securities Group LLC purchased a new stake in shares of Celsius during the first quarter worth about $34,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 last quarter. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after purchasing an additional 666 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Performance

The business has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $35.14. The firm has a market cap of $12.00 billion, a P/E ratio of 145.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.45.

Celsius (NASDAQ:CELH) last posted 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 business had revenue of $329.28 million for the quarter, compared to analysts’ expectations of $349.09 million. During the same period last year, the firm posted $0.27 earnings per share. Celsius’s quarterly revenue was down 7.4% on a year-over-year basis. On average, research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

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.