Celsius (NASDAQ:CELH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Celsius (NASDAQ:CELH) from a sell rating to a hold rating in a report published on Sunday morning.

A number of other research firms also recently issued reports on CELH. UBS Group boosted their price target on Celsius from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Stifel Nicolaus assumed coverage on shares of Celsius in a report on Thursday, June 12th. They set a “buy” rating and a $47.00 target price for the company. TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. Piper Sandler lifted their price target on shares of Celsius from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, LADENBURG THALM/SH SH cut their price objective on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus price target of $45.94.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $45.51 on Friday. The business has a 50-day simple moving average of $41.38 and a two-hundred day simple moving average of $33.84. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 142.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.45. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $53.41.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $329.28 million during the quarter, compared to analysts’ expectations of $349.09 million. Celsius had a return on equity of 42.12% and a net margin of 8.40%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts predict that Celsius will post 0.89 earnings per share for the current year.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares of the company’s stock, valued at $851,699,987.90. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $43.06, for a total value of $5,691,283.26. Following the sale, the chief executive officer directly owned 1,169,380 shares of the company’s stock, valued at approximately $50,353,502.80. This trade represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 562,974 shares of company stock worth $25,758,418. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new position in shares of Celsius in the 1st quarter worth approximately $32,000. Summit Securities Group LLC purchased a new position in Celsius in the first quarter worth $34,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares in the last quarter. UMB Bank n.a. increased its position in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after purchasing an additional 844 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after purchasing an additional 666 shares during the last quarter. 60.95% of the stock is 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.