Bank of America Boosts Celsius (NASDAQ:CELH) Price Target to $55.00

Celsius (NASDAQ:CELH) had its target price lifted by analysts at Bank of America from $40.00 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s price target would indicate a potential downside of 14.41% from the company’s previous close.

CELH has been the topic of a number of other reports. Wall Street Zen cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Stifel Nicolaus lifted their price target on shares of Celsius from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Morgan Stanley set a $70.00 price objective on shares of Celsius in a research report on Tuesday, September 30th. Mizuho raised their target price on Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Needham & Company LLC boosted their price target on Celsius from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $63.15.

Celsius Price Performance

Shares of NASDAQ CELH opened at $64.26 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. Celsius has a 1-year low of $21.10 and a 1-year high of $64.33. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 173.68, a PEG ratio of 1.40 and a beta of 1.38. The business has a 50-day moving average of $56.57 and a 200-day moving average of $45.72.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $632.13 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company’s revenue was up 83.9% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, equities analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity

In other Celsius news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares of the company’s stock, valued at approximately $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,667 shares of company stock valued at $27,240,162 over the last quarter. 2.55% of the stock is owned by company insiders.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC lifted its holdings in Celsius by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 6,970 shares of the company’s stock valued at $323,000 after acquiring an additional 261 shares during the last quarter. Blue Chip Partners LLC raised its holdings in shares of Celsius by 2.4% in the 2nd quarter. Blue Chip Partners LLC now owns 11,701 shares of the company’s stock worth $543,000 after purchasing an additional 271 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Celsius by 1.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 18,221 shares of the company’s stock worth $845,000 after purchasing an additional 279 shares in the last quarter. Spire Wealth Management lifted its stake in Celsius by 12.0% during the first quarter. Spire Wealth Management now owns 2,677 shares of the company’s stock valued at $95,000 after purchasing an additional 287 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Celsius by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company’s stock worth $346,000 after buying an additional 301 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.