Celsius (NASDAQ:CELH) Raised to Buy at Truist Financial

Celsius (NASDAQ:CELH) was upgraded by research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm currently has a $45.00 price target on the stock, up from their prior price target of $35.00. Truist Financial’s target price indicates a potential upside of 25.94% from the stock’s current price.

Several other brokerages have also recently weighed in on CELH. Needham & Company LLC lifted their price target on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Roth Mkm reiterated a “buy” rating and issued a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. 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. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, TD Cowen cut Celsius from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $29.00 in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Trading Up 0.3 %

Shares of NASDAQ CELH opened at $35.73 on Monday. The company has a 50 day simple moving average of $27.21 and a two-hundred day simple moving average of $28.80. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 81.21, a PEG ratio of 2.90 and a beta of 1.90. Celsius has a 12 month low of $21.10 and a 12 month high of $98.85.

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

Insider Transactions at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now directly owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the sale, the director now directly owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after acquiring an additional 750 shares during the last quarter. American Assets Investment Management LLC purchased a new position in Celsius during the fourth quarter worth about $1,054,000. Heck Capital Advisors LLC acquired a new position in Celsius in the 4th quarter valued at about $219,000. GF Fund Management CO. LTD. purchased a new stake in shares of Celsius in the 4th quarter valued at approximately $4,855,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Celsius by 23.4% during the 4th quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock worth $118,000 after buying an additional 864 shares during the last quarter. 60.95% of the stock is currently 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.