Celsius Holdings, Inc. (NASDAQ:CELH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Celsius Holdings, Inc. (NASDAQ:CELH) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $47.56.

Several brokerages recently issued reports on CELH. B. Riley reduced their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. LADENBURG THALM/SH SH decreased their price objective on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. Stifel Nicolaus decreased their price target on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its holdings in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Celsius by 85.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock valued at $1,532,000 after buying an additional 26,801 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Down 3.4 %

CELH stock opened at $21.28 on Thursday. Celsius has a 52-week low of $21.10 and a 52-week high of $99.62. The business has a fifty day moving average of $26.90 and a two-hundred day moving average of $31.31. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78.

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.