Celsius (NASDAQ:CELH) Given a $65.00 Price Target at Truist Financial

Celsius (NASDAQ:CELH) has been given a $65.00 price target by equities researchers at Truist Financial in a report released on Monday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 15.93% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating and set a $56.00 price target (up from $52.00) on shares of Celsius in a research note on Friday, August 8th. Citigroup restated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of Celsius in a research note on Friday, August 8th. Piper Sandler lifted their price objective on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of Celsius from $42.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Finally, Roth Capital restated a “buy” rating and issued a $52.00 price objective (up from $46.00) on shares of Celsius in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.28.

Celsius Trading Up 2.5%

Shares of Celsius stock opened at $56.07 on Monday. The firm has a market capitalization of $14.46 billion, a PE ratio of 151.54, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. Celsius has a twelve month low of $21.10 and a twelve month high of $56.48. The firm’s 50-day moving average price is $45.46 and its 200 day moving average price is $36.67.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business had revenue of $739.30 million during the quarter, compared to the consensus estimate of $632.13 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue was up 83.9% compared to the same quarter last year. On average, sell-side analysts predict that Celsius will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jarrod Langhans sold 5,000 shares of Celsius stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $255,900.00. Following the sale, the chief financial officer directly owned 109,227 shares of the company’s stock, valued at approximately $5,590,237.86. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,111,141 shares of company stock worth $52,241,605 in the last quarter. Insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC purchased a new position in shares of Celsius during the 2nd quarter valued at $889,000. Federated Hermes Inc. lifted its position in shares of Celsius by 39.4% during the 2nd quarter. Federated Hermes Inc. now owns 313,201 shares of the company’s stock valued at $14,529,000 after buying an additional 88,513 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Celsius during the 2nd quarter valued at $18,796,000. Marshall Wace LLP lifted its holdings in Celsius by 209.2% during the 2nd quarter. Marshall Wace LLP now owns 1,284,616 shares of the company’s stock worth $59,593,000 after purchasing an additional 869,207 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Celsius during the 2nd quarter worth about $1,623,000. Institutional investors own 60.95% of the company’s stock.

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.