Celsius Holdings, Inc. (NASDAQ:CELH) Receives $49.94 Consensus Price Target from Analysts

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $48.00.

A number of research firms recently commented on CELH. LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Roth Mkm decreased their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a report on Monday, January 6th. Stifel Nicolaus decreased their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group lowered their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th.

Celsius Stock Down 1.2 %

Shares of CELH stock opened at $25.04 on Friday. The company’s fifty day simple moving average is $28.05 and its two-hundred day simple moving average is $34.20. Celsius has a 52 week low of $24.55 and a 52 week high of $99.62. The stock has a market cap of $5.89 billion, a P/E ratio of 34.78, a PEG ratio of 2.95 and a beta of 1.79.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Celsius in the third quarter valued at about $34,000. Signaturefd LLC increased its position in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Celsius by 3,150.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the period. Finally, Activest Wealth Management bought a new position in shares of Celsius during the third quarter valued at approximately $39,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.