Celsius (NASDAQ:CELH) Trading 5.3% Higher on Analyst Upgrade

Celsius Holdings, Inc. (NASDAQ:CELH) rose 5.3% during trading on Wednesday after Needham & Company LLC raised their price target on the stock from $40.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Celsius traded as high as $35.15 and last traded at $35.68. Approximately 1,191,763 shares were traded during trading, a decline of 84% from the average daily volume of 7,619,480 shares. The stock had previously closed at $33.89.

A number of other equities analysts have also recently commented on the stock. Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.29.

Insider Buying and Selling at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 19,106 shares in the company, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CELH. Moody National Bank Trust Division increased its position in shares of Celsius by 1.3% during the first quarter. Moody National Bank Trust Division now owns 27,170 shares of the company’s stock valued at $968,000 after buying an additional 344 shares during the period. Louisiana State Employees Retirement System boosted its position in Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after acquiring an additional 441 shares during the period. TD Private Client Wealth LLC raised its position in shares of Celsius by 14.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after acquiring an additional 459 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Celsius by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock valued at $2,040,000 after purchasing an additional 490 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Celsius Stock Down 1.9 %

The company has a market capitalization of $8.59 billion, a P/E ratio of 83.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The company has a 50-day moving average of $29.13 and a two-hundred day moving average of $29.02.

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

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.