Celsius (NASDAQ:CELH) Upgraded at Truist Financial

Truist Financial upgraded shares of Celsius (NASDAQ:CELH) from a hold rating to a buy rating in a report published on Monday, Marketbeat reports. They currently have $45.00 price target on the stock, up from their previous price target of $35.00.

Other equities analysts also recently issued research reports about the stock. TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Roth Mkm reiterated a “buy” rating and issued a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. UBS Group lowered their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, LADENBURG THALM/SH SH cut their price objective on Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Celsius Stock Up 2.9 %

Celsius stock opened at $36.75 on Monday. The stock has a market cap of $8.64 billion, a PE ratio of 83.52, a P/E/G ratio of 2.90 and a beta of 1.57. Celsius has a 12-month low of $21.10 and a 12-month high of $98.85. The business’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $28.86.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. As a group, analysts expect that Celsius will post 0.89 earnings per share for the current year.

Insider Activity

In other news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB increased its holdings in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares in the last quarter. American Assets Investment Management LLC purchased a new position in shares of Celsius during the fourth quarter valued at approximately $1,054,000. Heck Capital Advisors LLC bought a new stake in Celsius during the fourth quarter worth $219,000. GF Fund Management CO. LTD. purchased a new stake in Celsius in the 4th quarter valued at $4,855,000. Finally, Sunbelt Securities Inc. lifted its stake in Celsius by 23.4% during the 4th quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock valued at $118,000 after acquiring an additional 864 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

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.