Celsius Holdings, Inc. (NASDAQ:CELH) Receives Average Rating of “Moderate Buy” from Brokerages

Celsius Holdings, Inc. (NASDAQ:CELH) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $54.40.

A number of research firms have commented on CELH. TD Cowen lowered their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Maxim Group reduced their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Bank of America reduced their price objective on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus dropped their target price on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Finally, B. Riley reduced their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently bought and sold shares of CELH. FinTrust Capital Advisors LLC purchased a new position in Celsius during the 1st quarter worth $25,000. S.A. Mason LLC purchased a new position in Celsius during the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius in the 3rd quarter valued at about $34,000. Finally, Signaturefd LLC lifted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH opened at $28.90 on Tuesday. Celsius has a 52 week low of $27.78 and a 52 week high of $99.62. The firm’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $51.06. The firm has a market cap of $6.79 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86.

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.