Brokerages Set Celsius Holdings, Inc. (NASDAQ:CELH) PT at $47.78

Shares of Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $47.78.

A number of brokerages have weighed in on CELH. Stifel Nicolaus decreased their price objective on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 target price for the company. Roth Mkm reissued a "buy" rating and issued a $38.00 price target on shares of Celsius in a report on Friday, February 21st. Finally, Needham & Company LLC increased their price objective on shares of Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, February 25th.

Insider Activity

In other Celsius news, insider Paul H. Storey sold 10,188 shares of Celsius stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company's stock.

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Institutional Trading of Celsius

Hedge funds and other institutional investors have recently modified their holdings of the business. Champlain Investment Partners LLC purchased a new position in Celsius during the fourth quarter worth about $85,068,000. Contrarius Group Holdings Ltd acquired a new position in shares of Celsius in the 4th quarter worth approximately $75,535,000. Norges Bank purchased a new position in shares of Celsius during the 4th quarter worth approximately $72,579,000. Alyeska Investment Group L.P. increased its holdings in Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Celsius in the fourth quarter valued at approximately $61,160,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Price Performance

CELH stock traded down $0.86 during trading on Monday, hitting $26.63. 4,882,584 shares of the company traded hands, compared to its average volume of 7,151,723. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62. The company has a market cap of $6.26 billion, a PE ratio of 60.52, a P/E/G ratio of 2.90 and a beta of 1.90. The stock's 50-day simple moving average is $25.88 and its 200 day simple moving average is $29.13.

Celsius (NASDAQ:CELH - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The firm had revenue of $332.20 million during the quarter, compared to analysts' expectations of $326.07 million. Research analysts expect that Celsius will post 0.89 earnings per share for the current year.

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.