Celsius (NASDAQ:CELH) Stock Price Up 5.3% Following Analyst Upgrade

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report)'s share price traded up 5.3% during mid-day trading on Wednesday after Needham & Company LLC raised their price target on the stock from $40.00 to $45.00. Needham & Company LLC currently has a buy rating on the stock. Celsius traded as high as $35.15 and last traded at $35.68. 1,191,763 shares were traded during mid-day trading, a decline of 84% from the average session volume of 7,619,480 shares. The stock had previously closed at $33.89.

Several other brokerages also recently commented on CELH. Deutsche Bank Aktiengesellschaft started coverage on shares of Celsius in a research note on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective for the company. Stifel Nicolaus lowered their price target on Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price objective on the stock. Roth Mkm restated a "buy" rating and set a $38.00 target price on shares of Celsius in a report on Friday, February 21st. Finally, Piper Sandler cut their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average price target of $45.29.

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Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares in the company, valued at approximately $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

Institutional investors have recently modified their holdings of the business. HM Payson & Co. lifted its stake in Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company's stock valued at $26,000 after acquiring an additional 550 shares during the period. S.A. Mason LLC lifted its position in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock valued at $37,000 after purchasing an additional 700 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the last quarter. GAMMA Investing LLC grew its position in Celsius by 185.7% in the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock worth $45,000 after purchasing an additional 1,114 shares during the period. Finally, Blue Trust Inc. grew its position in Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after purchasing an additional 441 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Trading Up 0.1 %

The firm has a market capitalization of $9.62 billion, a PE ratio of 84.80, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The business's 50 day simple moving average is $29.42 and its two-hundred day simple moving average is $29.05.

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

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.