Celsius’ (CELH) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c-) rating on shares of Celsius (NASDAQ:CELH) in a report issued on Tuesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on the stock. Truist Financial lifted their target price on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 8th. Mizuho boosted their price objective on Celsius from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. TD Cowen raised Celsius from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. JPMorgan Chase & Co. increased their target price on Celsius from $44.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Citigroup reissued a “buy” rating on shares of Celsius in a research report on Sunday, August 31st. Nineteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.15.

Celsius Stock Performance

NASDAQ CELH opened at $64.29 on Tuesday. 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 $66.74. The firm has a market capitalization of $16.58 billion, a P/E ratio of 173.76, a P/E/G ratio of 1.27 and a beta of 1.38. The business’s 50-day simple moving average is $58.28 and its 200-day simple moving average is $46.66.

Celsius (NASDAQ:CELH) last posted its quarterly 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. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The firm had revenue of $739.30 million for the quarter, compared to analyst estimates of $632.13 million. During the same quarter last year, the firm posted $0.28 earnings per share. Celsius’s revenue for the quarter was up 83.9% compared to the same quarter last year. Equities analysts predict that Celsius will post 0.89 EPS for the current year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares of the company’s stock, valued at approximately $13,827,812.50. This trade represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company’s stock, 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. Insiders have sold 600,667 shares of company stock worth $29,740,162 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Celsius by 19.7% during the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company’s stock worth $73,000 after purchasing an additional 338 shares during the last quarter. Fifth Third Bancorp raised its stake in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock valued at $61,000 after buying an additional 666 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Celsius by 23.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company’s stock worth $796,000 after buying an additional 4,210 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Celsius in the 1st quarter worth approximately $206,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Celsius by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,454 shares of the company’s stock valued at $657,000 after acquiring an additional 500 shares during the last quarter. Institutional investors 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.