Needham & Company LLC Issues Positive Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective raised by Needham & Company LLC from $35.00 to $40.00 in a research note released on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

CELH has been the topic of a number of other reports. UBS Group set a $38.00 price target on shares of Celsius in a report on Thursday, October 15th. Piper Sandler restated an “overweight” rating and set a $36.00 price objective on shares of Celsius in a report on Monday, August 24th. Weiss Ratings downgraded shares of Celsius from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup lowered their price objective on shares of Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Celsius from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.39.

Celsius Stock Performance

CELH stock traded up $2.12 during midday trading on Friday, hitting $32.16. The company’s stock had a trading volume of 8,187,595 shares, compared to its average volume of 5,140,359. The stock’s 50-day moving average price is $28.75 and its 200 day moving average price is $34.13. The company has a quick ratio of 1.42, a current ratio of 1.80 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 stock has a market cap of $8.14 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.16 and a beta of 1.00.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Celsius had a return on equity of 36.52% and a net margin of 4.24%. The firm had revenue of $847.23 million during the quarter, compared to analyst estimates of $800.63 million. During the same period last year, the firm posted ($0.27) EPS. The business’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Celsius will post 1.40 EPS for the current year.

Insider Activity

In other news, Director Damon DeSantis purchased 20,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $27.65 per share, with a total value of $553,000.00. Following the transaction, the director directly owned 2,712,187 shares of the company’s stock, valued at approximately $74,991,970.55. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Fieldly purchased 18,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $27.44 per share, with a total value of $493,920.00. Following the purchase, the chief executive officer directly owned 956,063 shares in the company, valued at $26,234,368.72. This trade represents a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 66,000 shares of company stock valued at $1,830,120 in the last 90 days. Insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its holdings in Celsius by 17.7% during the third quarter. Diversified Trust Co now owns 41,888 shares of the company’s stock valued at $1,146,000 after purchasing an additional 6,306 shares during the last quarter. CENTRAL TRUST Co boosted its position in Celsius by 27,400.0% during the third quarter. CENTRAL TRUST Co now owns 2,475 shares of the company’s stock worth $68,000 after purchasing an additional 2,466 shares during the period. Machina Capital S.A.S. boosted its position in Celsius by 23.3% during the third quarter. Machina Capital S.A.S. now owns 10,581 shares of the company’s stock worth $289,000 after purchasing an additional 2,000 shares during the period. DBA Trading LLC bought a new position in Celsius during the third quarter worth about $356,000. Finally, Fulcrum Asset Management LLP increased its stake in shares of Celsius by 964.2% in the third quarter. Fulcrum Asset Management LLP now owns 39,281 shares of the company’s stock worth $1,088,000 after purchasing an additional 35,590 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Trending Headlines about Celsius

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

Celsius Company Profile

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.