Celsius Holdings, Inc. (NASDAQ:CELH) Given Average Recommendation of "Moderate Buy" by Brokerages

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the firm, MarketBeat.com reports. One equities 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. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.94.

Several research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 target price for the company. LADENBURG THALM/SH SH lowered their price objective on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday, October 21st. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 24th. Needham & Company LLC restated a "buy" rating and set a $38.00 price target on shares of Celsius in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a "hold" rating and a $32.00 price objective on the stock.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 261,245 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Celsius

Several large investors have recently made changes to their positions in the business. State Street Corp raised its stake in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company's stock valued at $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company's stock worth $93,928,000 after purchasing an additional 104,896 shares during the period. SG Americas Securities LLC raised its position in shares of Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company's stock valued at $50,910,000 after buying an additional 1,914,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Celsius by 19.1% in 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 buying an additional 221,833 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company's stock worth $37,033,000 after buying an additional 1,072,859 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Down 1.3 %

Shares of Celsius stock traded down $0.36 on Friday, reaching $27.23. 4,635,397 shares of the company were exchanged, compared to its average volume of 6,481,789. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. The stock has a fifty day moving average price of $28.09 and a 200-day moving average price of $34.69.

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.