Celsius (NASDAQ:CELH) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Celsius (NASDAQ:CELH) in a report issued on Monday morning,Benzinga reports. The brokerage currently has a $38.00 target price on the stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler cut their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Finally, Roth Mkm dropped their price target on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Stock Up 0.5 %

Shares of Celsius stock opened at $28.93 on Monday. The stock has a market cap of $6.80 billion, a P/E ratio of 40.18, a P/E/G ratio of 3.44 and a beta of 1.79. Celsius has a 12-month low of $25.23 and a 12-month high of $99.62. The business’s 50 day moving average is $28.59 and its 200-day moving average is $36.60.

Insider Buying and Selling at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $8,137,781.75. This trade 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 accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of large investors have recently bought and sold shares of CELH. Northwestern Mutual Wealth Management Co. raised its position in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after buying an additional 289 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after acquiring an additional 337 shares during the period. Arizona State Retirement System boosted its holdings in Celsius by 0.9% in the second quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock valued at $2,376,000 after acquiring an additional 375 shares during the last quarter. 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. Finally, United Services Automobile Association raised its holdings in Celsius by 3.6% during the 2nd quarter. United Services Automobile Association now owns 11,902 shares of the company’s stock worth $679,000 after purchasing an additional 417 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.