Celsius (NASDAQ:CELH) Price Target Increased to $35.00 by Analysts at Truist Financial

Celsius (NASDAQ:CELH) had its price target boosted by Truist Financial from $30.00 to $35.00 in a research report report published on Wednesday, MarketBeat.com reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently weighed in on the company. BNP Paribas initiated coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 target price for the company. B. Riley cut their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Roth Mkm lowered their price target on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 27th. UBS Group cut their price target on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Piper Sandler lowered their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Celsius Stock Performance

CELH stock opened at $33.85 on Wednesday. The company has a market capitalization of $7.89 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. Celsius has a one year low of $28.20 and a one year high of $99.62. The company’s 50 day moving average price is $34.75 and its two-hundred day moving average price is $55.86.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year. On average, research analysts predict that Celsius will post 0.82 EPS for the current year.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently bought and sold shares of the business. Lighthouse Investment Partners LLC purchased a new position in shares of Celsius during the second quarter valued at approximately $20,024,000. LRI Investments LLC purchased a new stake in shares of Celsius in the first quarter worth $134,000. Cetera Investment Advisers grew its stake in shares of Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after acquiring an additional 122,011 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Celsius during the first quarter valued at $563,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Celsius in the 1st quarter worth about $509,000. 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.