Needham & Company LLC Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Celsius (NASDAQ:CELH - Free Report) had its target price lifted by Needham & Company LLC from $40.00 to $45.00 in a research note released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on CELH. JPMorgan Chase & Co. assumed coverage on 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 decreased their target price on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price target on shares of Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. Finally, Piper Sandler lowered their price target on Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. One equities research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.29.

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Celsius Trading Down 0.3 %

NASDAQ:CELH traded down $0.11 during trading hours on Wednesday, reaching $37.18. 2,089,126 shares of the company traded hands, compared to its average volume of 7,708,428. The business's 50-day moving average price is $29.42 and its two-hundred day moving average price is $29.05. Celsius has a 1 year low of $21.10 and a 1 year high of $98.85. The stock has a market capitalization of $9.58 billion, a P/E ratio of 84.50, a P/E/G ratio of 2.90 and a beta of 1.58.

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

Insiders Place Their Bets

In other news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This trade represents a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the transaction, the insider now directly owns 45,297 shares in the company, 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 currently owned by company insiders.

Institutional Investors Weigh In On Celsius

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

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.