Celsius Holdings, Inc. (NASDAQ:CELH) Given Consensus Rating of “Buy” by Brokerages

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $68.67.

Several brokerages recently issued reports on CELH. Credit Suisse Group raised Celsius from a “neutral” rating to an “outperform” rating and upped their target price for the company from $57.00 to $78.00 in a research report on Friday, June 11th. Zacks Investment Research lowered Celsius from a “buy” rating to a “hold” rating in a report on Wednesday, July 14th. Finally, B. Riley increased their price objective on Celsius from $74.00 to $92.00 and gave the company a “buy” rating in a report on Friday, May 14th.

NASDAQ:CELH traded down $0.53 during mid-day trading on Thursday, hitting $65.89. 12,814 shares of the company’s stock traded hands, compared to its average volume of 954,940. The stock has a fifty day moving average of $66.92. Celsius has a twelve month low of $13.20 and a twelve month high of $83.00. The company has a market cap of $4.91 billion, a P/E ratio of 601.78 and a beta of 2.11.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Celsius had a return on equity of 8.89% and a net margin of 5.61%. The company had revenue of $50.00 million for the quarter, compared to analyst estimates of $38.75 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s quarterly revenue was up 77.3% compared to the same quarter last year. On average, equities research analysts predict that Celsius will post 0.13 earnings per share for the current year.

In other news, Director William H. Milmoe sold 148,031 shares of the company’s stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $62.50, for a total value of $9,251,937.50. Following the sale, the director now owns 45,069 shares in the company, valued at $2,816,812.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Carl Desantis sold 2,928,310 shares of the company’s stock in a transaction dated Monday, June 14th. The stock was sold at an average price of $62.50, for a total value of $183,019,375.00. The disclosure for this sale can be found here. Insiders sold 3,226,341 shares of company stock worth $201,646,313 in the last 90 days. Company insiders own 13.19% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BNC Wealth Management LLC purchased a new position in Celsius during the second quarter worth approximately $538,000. State of Alaska Department of Revenue boosted its position in Celsius by 25.4% during the second quarter. State of Alaska Department of Revenue now owns 22,776 shares of the company’s stock worth $1,733,000 after purchasing an additional 4,618 shares in the last quarter. Principal Financial Group Inc. boosted its position in Celsius by 2,063.3% during the first quarter. Principal Financial Group Inc. now owns 192,079 shares of the company’s stock worth $9,229,000 after purchasing an additional 183,200 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in Celsius during the first quarter worth approximately $346,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in Celsius during the first quarter worth approximately $811,000. Institutional investors own 64.15% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

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Analyst Recommendations for Celsius (NASDAQ:CELH)

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