Celsius Holdings Inc. (NASDAQ:CELH) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Celsius Holdings Inc. (NASDAQ:CELH) have earned an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.29.

Several equities analysts recently issued reports on the company. Citigroup dropped their price target on Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Maxim Group cut Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Stephens lowered their target price on Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. dropped their target price on Celsius from $56.00 to $52.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group set a $45.00 target price on Celsius in a report on Monday, August 10th.

Insider Buying and Selling

In other news, Director Damon DeSantis acquired 16,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $27.95 per share, for a total transaction of $447,200.00. Following the transaction, the director directly owned 2,728,187 shares in the company, valued at approximately $76,252,826.65. This represents a 0.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Fieldly acquired 18,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of 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 purchased a total of 66,000 shares of company stock valued at $1,830,120 over the last three months. 2.33% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in shares of Celsius during the 2nd quarter worth $31,000. Summit Securities Group LLC acquired a new position in shares of Celsius during the 1st quarter worth $56,000. AlphaCentric Advisors LLC acquired a new position in shares of Celsius during the 1st quarter worth $69,000. Ancora Advisors LLC purchased a new position in shares of Celsius in the 2nd quarter valued at about $64,000. Finally, Western Wealth Management LLC purchased a new position in shares of Celsius in the 1st quarter valued at about $79,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Down 0.7%

NASDAQ CELH opened at $28.39 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The firm has a market cap of $7.18 billion, a PE ratio of 118.29, a P/E/G ratio of 2.00 and a beta of 1.01. Celsius has a one year low of $23.56 and a one year high of $66.74. The firm’s fifty day moving average is $29.30 and its two-hundred day moving average is $30.56.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The business had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. During the same period in the previous year, the company posted $0.47 earnings per share. Celsius’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Celsius will post 1.43 earnings per share for the current year.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.