Shares of Celsius Holdings Inc. (NASDAQ:CELH – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.39.
CELH has been the subject of several analyst reports. Zacks Research upgraded Celsius from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. UBS Group set a $38.00 price target on Celsius in a report on Thursday, October 15th. Jefferies Financial Group reissued a “buy” rating and set a $42.00 price objective on shares of Celsius in a report on Tuesday, October 6th. Finally, Weiss Ratings lowered shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th.
Get Our Latest Stock Report on Celsius
More Celsius News
Here are the key news stories impacting Celsius this week:
- Positive Sentiment: Third-quarter earnings were $0.41 per share versus $0.34 expected, and revenue of $847.2 million topped the $800.6 million consensus estimate, rising 16.8% year over year. Alani Nu and international sales helped drive growth. CELH Q3 Earnings Top Estimates as Alani Nu Drives Revenue Growth
- Positive Sentiment: The company is targeting longer-term growth through a new three-brand operating structure and expects non-U.S. revenue to exceed 15% of total revenue within five years. Celsius outlines international revenue goal and new brand-led units
- Neutral Sentiment: Analyst target changes were mixed: Needham raised its target to $40, while B. Riley and Stifel lowered theirs to $53 and $36, respectively, even as B. Riley reaffirmed its Buy rating. Stifel lowers Celsius price target
- Negative Sentiment: Flagship CELSIUS brand weakness, commodity inflation and margin pressure temper the strong sales report and could complicate the company’s recovery plans. CELH Q3 Earnings Call Highlights Alani Nu Growth and Margin Pressure
Insider Activity
In related news, CEO John Fieldly purchased 18,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $27.44 per share, with a total value of $493,920.00. Following the completion of the purchase, the chief executive officer owned 956,063 shares of the company’s stock, valued at approximately $26,234,368.72. The trade was a 1.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hal Kravitz acquired 12,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $28.00 per share, with a total value of $336,000.00. Following the completion of the purchase, the director owned 239,158 shares in the company, valued at $6,696,424. This represents a 5.28% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 66,000 shares of company stock worth $1,830,120. 2.33% of the stock is owned by company insiders.
Institutional Investors Weigh In On Celsius
Several institutional investors and hedge funds have recently made changes to their positions in the business. Heritage Family Offices LLP purchased a new stake in shares of Celsius during the third quarter worth about $25,000. Hartford Financial Management Inc. bought a new position in shares of Celsius during the third quarter valued at $27,000. Continuum Advisory LLC acquired a new position in Celsius during the 2nd quarter valued at about $31,000. Summit Securities Group LLC bought a new stake in Celsius in the 1st quarter valued at $56,000. Finally, University of Texas Texas AM Investment Management Co. increased its holdings in shares of Celsius by 60.8% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 2,203 shares of the company’s stock worth $60,000 after acquiring an additional 833 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
Celsius Stock Performance
Celsius stock opened at $32.16 on Friday. The firm has a market capitalization of $8.14 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.16 and a beta of 1.00. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. Celsius has a 1-year low of $23.56 and a 1-year high of $59.31. The firm’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $34.13.
Celsius (NASDAQ:CELH – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $847.23 million during the quarter, compared to analysts’ expectations of $800.63 million. Celsius had a return on equity of 36.52% and a net margin of 4.24%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.27) earnings per share. As a group, analysts expect that Celsius will post 1.40 earnings per share for the current fiscal year.
About Celsius
Celsius Holdings, Inc (NASDAQ: CELH) develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including products positioned around energy, fitness and wellness. The company also markets CELSIUS Essentials, CELSIUS Vibe and powdered drink mixes, with product formulations that commonly feature ingredients such as caffeine, vitamins and other functional components.
Founded in 2004, Celsius has expanded from a niche fitness beverage business into a broader energy-drink platform.
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