UBS Group Raises Celsius (NASDAQ:CELH) Price Target to $64.00

Celsius (NASDAQ:CELH) had its target price hoisted by equities research analysts at UBS Group from $57.00 to $64.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 23.20% from the company’s current price.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Celsius from $44.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target (up from $55.00) on shares of Celsius in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Celsius from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Citigroup began coverage on shares of Celsius in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Roth Capital reiterated a “buy” rating and issued a $52.00 price target (up from $46.00) on shares of Celsius in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.72.

Celsius Trading Up 3.7%

Shares of CELH opened at $51.95 on Friday. The company has a current ratio of 2.11, a quick ratio of 3.04 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average is $44.51 and its two-hundred day moving average is $36.13. Celsius has a twelve month low of $21.10 and a twelve month high of $53.85. The firm has a market capitalization of $13.39 billion, a P/E ratio of 140.41, a PEG ratio of 1.81 and a beta of 1.40.

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

Insider Buying and Selling

In related news, major shareholder Deborah Desantis sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider owned 17,717,770 shares in the company, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the transaction, the chief executive officer owned 895,410 shares in the company, valued at approximately $45,827,083.80. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,106,141 shares of company stock worth $51,985,705. 2.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

A number of hedge funds have recently made changes to their positions in CELH. American Assets Inc. acquired a new position in shares of Celsius in the 4th quarter valued at $1,054,000. Aviva PLC boosted its holdings in shares of Celsius by 17.4% in the 4th quarter. Aviva PLC now owns 21,530 shares of the company’s stock valued at $567,000 after purchasing an additional 3,187 shares during the last quarter. FMR LLC boosted its holdings in shares of Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Celsius by 6.5% in the 4th quarter. Cerity Partners LLC now owns 20,003 shares of the company’s stock valued at $537,000 after purchasing an additional 1,226 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Celsius by 4.4% in the 4th quarter. FIL Ltd now owns 265,682 shares of the company’s stock valued at $6,998,000 after purchasing an additional 11,083 shares during the last quarter. Institutional investors and hedge funds 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.