Celsius Holdings, Inc. (NASDAQ:CELH) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.50.
Several equities research analysts have issued reports on the stock. B. Riley lowered their price target on shares of Celsius from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 7th. Zacks Investment Research lowered shares of Celsius from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. Finally, Maxim Group reiterated a “buy” rating and issued a $8.00 price target on shares of Celsius in a research note on Friday, August 10th.
A number of hedge funds have recently modified their holdings of CELH. BlackRock Inc. grew its position in shares of Celsius by 3.0% in the 3rd quarter. BlackRock Inc. now owns 1,140,738 shares of the company’s stock valued at $4,596,000 after acquiring an additional 33,016 shares during the period. Schwab Charles Investment Management Inc. bought a new position in shares of Celsius in the 2nd quarter valued at about $198,000. Bank of New York Mellon Corp grew its position in shares of Celsius by 353.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock valued at $271,000 after acquiring an additional 45,937 shares during the period. Granite Investment Partners LLC bought a new position in shares of Celsius in the 2nd quarter valued at about $458,000. Finally, Millennium Management LLC grew its position in shares of Celsius by 146.6% in the 1st quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after acquiring an additional 127,388 shares during the period. Hedge funds and other institutional investors own 20.93% of the company’s stock.
Shares of NASDAQ:CELH opened at $3.92 on Wednesday. Celsius has a 12 month low of $3.05 and a 12 month high of $6.05. The company has a current ratio of 3.11, a quick ratio of 2.30 and a debt-to-equity ratio of 0.27. The firm has a market cap of $204.49 million, a P/E ratio of -392.00 and a beta of 0.38.
Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Celsius had a negative return on equity of 47.60% and a negative net margin of 31.73%. The company had revenue of $16.57 million for the quarter, compared to analyst estimates of $11.72 million. Research analysts predict that Celsius will post -0.21 earnings per share for the current fiscal year.
Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.
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