Celsius (NASDAQ:CELH) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Celsius (NASDAQ:CELH) in a research note released on Thursday morning, Marketbeat.com reports. The firm issued an overweight rating and a $37.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group reduced their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Maxim Group reduced their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus reduced their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Piper Sandler reduced their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.28.

Celsius Trading Down 0.6 %

NASDAQ:CELH opened at $31.79 on Thursday. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 3.44 and a beta of 1.76. The firm has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $41.44. Celsius has a 12 month low of $25.23 and a 12 month high of $99.62.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Van ECK Associates Corp boosted its stake in Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after acquiring an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. boosted its stake in Celsius by 17.1% in the third quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after acquiring an additional 25,315 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in Celsius in the third quarter valued at about $2,772,000. 60.95% of the stock is owned by 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.