Celsius (NASDAQ:CELH) Earns Buy Rating from Analysts at Needham & Company LLC

Needham & Company LLC started coverage on shares of Celsius (NASDAQ:CELH - Free Report) in a report published on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $38.00 price objective on the stock.

Several other equities analysts have also issued reports on CELH. Maxim Group decreased their target price on 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 target on shares of Celsius from $32.00 to $26.00 and set an "underperform" rating on the stock in a research report on Thursday, September 5th. LADENBURG THALM/SH SH dropped their price objective on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating for the company in a report on Monday, October 21st. Stifel Nicolaus reduced their target price on shares of Celsius from $51.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Finally, Roth Mkm dropped their price target on shares of Celsius from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.38.

Celsius Trading Up 1.0 %

Celsius stock traded up $0.28 during trading on Friday, hitting $28.17. The company had a trading volume of 11,023,439 shares, compared to its average volume of 6,101,014. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 3.34 and a beta of 1.76. Celsius has a 1-year low of $25.23 and a 1-year high of $99.62. The company's 50 day simple moving average is $30.10 and its 200-day simple moving average is $44.40.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This trade represents a 3.97 % 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. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius during the 3rd quarter valued at approximately $34,000. Signaturefd LLC raised its stake in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after purchasing an additional 378 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Celsius by 3,150.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock valued at $37,000 after acquiring an additional 630 shares in the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 60.95% of the company's stock.

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.