Needham & Company LLC Reaffirms Buy Rating for Celsius (NASDAQ:CELH)

Needham & Company LLC reiterated their buy rating on shares of Celsius (NASDAQ:CELH - Free Report) in a research report released on Tuesday,Benzinga reports. Needham & Company LLC currently has a $38.00 price objective on the stock.

Several other equities research analysts have also issued reports on CELH. Truist Financial raised their price objective on Celsius from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Stifel Nicolaus lowered their price target on Celsius from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Roth Mkm cut their price objective on shares of Celsius from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Piper Sandler dropped their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and an average target price of $48.00.

Celsius Price Performance

Shares of NASDAQ CELH traded down $0.80 during mid-day trading on Tuesday, hitting $24.98. 5,922,823 shares of the company's stock traded hands, compared to its average volume of 6,257,084. Celsius has a 1 year low of $24.42 and a 1 year high of $99.62. The company's 50-day moving average is $27.76 and its two-hundred day moving average is $32.70. The company has a market capitalization of $5.87 billion, a P/E ratio of 34.69, a PEG ratio of 2.81 and a beta of 1.79.

Insider Activity

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company's stock.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently bought and sold shares of CELH. Toronto Dominion Bank boosted its holdings in shares of Celsius by 22.8% in the 2nd quarter. Toronto Dominion Bank now owns 17,893 shares of the company's stock valued at $1,022,000 after buying an additional 3,326 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Celsius in the second quarter valued at approximately $613,000. The Manufacturers Life Insurance Company grew its holdings in Celsius by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 122,696 shares of the company's stock worth $7,005,000 after purchasing an additional 4,075 shares during the last quarter. Algert Global LLC acquired a new position in shares of Celsius during the second quarter worth $209,000. Finally, Creative Planning lifted its holdings in shares of Celsius by 48.8% during the 2nd quarter. Creative Planning now owns 21,494 shares of the company's stock valued at $1,227,000 after purchasing an additional 7,051 shares during the last quarter. Institutional investors 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.