Celsius (NASDAQ:CELH) Earns Buy Rating from B. Riley

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research note issued on Friday,Benzinga reports. They currently have a $49.00 target price on the stock, up from their previous target price of $44.00. B. Riley’s price objective indicates a potential upside of 50.21% from the company’s current price. B. Riley also issued estimates for Celsius’ Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.22 EPS and Q3 2025 earnings at $0.19 EPS.

Several other research firms have also commented on CELH. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. Piper Sandler dropped their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. Finally, Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.67.

Celsius Price Performance

Shares of Celsius stock opened at $32.62 on Friday. The firm has a fifty day moving average price of $26.02 and a 200 day moving average price of $30.30. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62. The stock has a market cap of $7.67 billion, a PE ratio of 74.14, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. As a group, equities analysts expect that Celsius will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GF Fund Management CO. LTD. purchased a new position in Celsius during the fourth quarter worth about $4,855,000. Sunbelt Securities Inc. raised its stake in Celsius by 23.4% during the fourth quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock worth $118,000 after purchasing an additional 864 shares during the period. Woodline Partners LP purchased a new position in Celsius during the fourth quarter worth about $1,684,000. Two Sigma Advisers LP purchased a new position in Celsius during the fourth quarter worth about $4,486,000. Finally, Two Sigma Investments LP raised its stake in Celsius by 264.1% during the fourth quarter. Two Sigma Investments LP now owns 894,158 shares of the company’s stock worth $23,552,000 after purchasing an additional 648,582 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.