Morgan Stanley Reiterates Equal Weight Rating for Celsius (NASDAQ:CELH)

Celsius (NASDAQ:CELH)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a note issued to investors on Tuesday, Benzinga reports. They presently have a $68.00 price objective on the stock. Morgan Stanley’s price target would indicate a potential upside of 19.49% from the company’s current price.

CELH has been the subject of a number of other research reports. Maxim Group dropped their price objective on Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Truist Financial initiated coverage on Celsius in a report on Tuesday, June 25th. They issued a “hold” rating and a $60.00 price objective for the company. Jefferies Financial Group dropped their price objective on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Wedbush decreased their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, Bank of America boosted their target price on Celsius from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.22.

Celsius Stock Up 2.4 %

CELH stock opened at $56.91 on Tuesday. The company has a market cap of $13.26 billion, a P/E ratio of 62.54, a PEG ratio of 1.62 and a beta of 1.90. Celsius has a twelve month low of $45.03 and a twelve month high of $99.62. The business has a fifty day moving average of $72.60 and a 200-day moving average of $70.56.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, equities research analysts anticipate that Celsius will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Celsius news, insider Paul H. Storey sold 1,833 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $75.43, for a total value of $138,263.19. Following the sale, the insider now owns 41,044 shares in the company, valued at $3,095,948.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The disclosure for this sale can be found here. Insiders sold 1,776,696 shares of company stock valued at $107,920,209 over the last three months. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

A number of large investors have recently made changes to their positions in CELH. Toroso Investments LLC increased its stake in shares of Celsius by 224.6% during the third quarter. Toroso Investments LLC now owns 5,444 shares of the company’s stock worth $934,000 after purchasing an additional 3,767 shares during the period. USA Financial Formulas bought a new position in shares of Celsius during the third quarter worth approximately $90,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Celsius by 41.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,299 shares of the company’s stock worth $2,797,000 after purchasing an additional 4,771 shares during the period. Vanguard Group Inc. increased its stake in shares of Celsius by 18.7% during the third quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock worth $831,676,000 after purchasing an additional 762,087 shares during the period. Finally, DNB Asset Management AS acquired a new stake in Celsius during the fourth quarter worth approximately $1,240,000. Institutional investors 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.