Needham & Company LLC Issues Positive Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target increased by investment analysts at Needham & Company LLC from $40.00 to $45.00 in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 32.78% from the company’s previous close.

CELH has been the subject of a number of other research reports. Piper Sandler reduced their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. UBS Group lowered their target price on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Roth Mkm restated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

Celsius Stock Down 4.4 %

CELH opened at $33.89 on Wednesday. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 77.02, a PEG ratio of 2.90 and a beta of 1.58. The firm has a 50-day moving average price of $28.40 and a 200-day moving average price of $28.90. Celsius has a twelve month low of $21.10 and a twelve month high of $98.85.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. On average, sell-side analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction dated 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 trade represents a 18.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its stake in shares of Celsius by 26.7% during the 3rd quarter. Janus Henderson Group PLC now owns 54,940 shares of the company’s stock valued at $1,723,000 after purchasing an additional 11,574 shares in the last quarter. Stifel Financial Corp boosted its position in Celsius by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 117,155 shares of the company’s stock valued at $3,674,000 after acquiring an additional 11,246 shares in the last quarter. State Street Corp grew its holdings in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after acquiring an additional 165,329 shares during the period. XTX Topco Ltd raised its position in shares of Celsius by 119.8% in the 3rd quarter. XTX Topco Ltd now owns 21,431 shares of the company’s stock worth $672,000 after acquiring an additional 11,681 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Celsius in the 3rd quarter worth approximately $301,000. Institutional investors own 60.95% of the company’s stock.

About Celsius

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.