Piper Sandler Forecasts Strong Price Appreciation for Celsius (NASDAQ:CELH) Stock

Celsius (NASDAQ:CELH - Get Free Report) had its price target lifted by Piper Sandler from $43.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's target price would suggest a potential upside of 20.02% from the stock's previous close.

Other analysts have also issued research reports about the stock. Roth Mkm restated a "buy" rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Morgan Stanley restated an "equal weight" rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. Truist Financial upgraded Celsius from a "hold" rating to a "buy" rating and increased their target price for the company from $35.00 to $45.00 in a research report on Monday, March 31st. Needham & Company LLC boosted their price target on Celsius from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, TD Cowen lowered shares of Celsius from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Celsius presently has an average rating of "Moderate Buy" and a consensus price target of $45.94.

Celsius Stock Performance

Celsius stock opened at $36.66 on Thursday. Celsius has a 52 week low of $21.10 and a 52 week high of $98.85. The stock has a market capitalization of $9.45 billion, a P/E ratio of 83.32, a price-to-earnings-growth ratio of 2.90 and a beta of 1.58. The stock has a fifty day moving average of $30.31 and a 200-day moving average of $29.19.

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

Insider Buying and Selling at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was 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 represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction that occurred 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 directly owns 45,297 shares of the company's stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

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

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