Needham & Company LLC Boosts Celsius (NASDAQ:CELH) Price Target to $40.00

Celsius (NASDAQ:CELH) had its target price upped by Needham & Company LLC from $38.00 to $40.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CELH. B. Riley reissued a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. Piper Sandler reduced their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their target price on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

Celsius Stock Down 4.4 %

NASDAQ:CELH opened at $25.99 on Tuesday. The stock’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $30.08. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 59.07, a P/E/G ratio of 2.90 and a beta of 1.78. Celsius has a 12-month low of $21.10 and a 12-month high of $99.62.

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

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently modified their holdings of the stock. Creative Planning raised its holdings in Celsius by 41.7% during the 3rd quarter. Creative Planning now owns 30,460 shares of the company’s stock valued at $955,000 after acquiring an additional 8,966 shares during the period. Blue Trust Inc. increased its holdings in shares of Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after purchasing an additional 549 shares during the period. Raymond James & Associates grew its position in Celsius by 9.4% in the third quarter. Raymond James & Associates now owns 217,809 shares of the company’s stock worth $6,830,000 after acquiring an additional 18,686 shares in the last quarter. Signaturefd LLC grew its position in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Celsius in the third quarter worth $1,027,000. Institutional investors own 60.95% of the company’s stock.

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.