Celsius’ (CELH) “Buy” Rating Reiterated at Needham & Company LLC

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report issued on Monday,Benzinga reports. They currently have a $38.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 30.14% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Truist Financial upped their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group reduced their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Roth Mkm lowered their target price on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.28.

Celsius Trading Up 0.9 %

Shares of NASDAQ CELH opened at $29.20 on Monday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 3.44 and a beta of 1.79. The stock’s 50-day moving average is $28.59 and its 200 day moving average is $36.60. Celsius has a 1-year low of $25.23 and a 1-year high of $99.62.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred on 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 sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Massachusetts Financial Services Co. MA increased its stake in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. MIG Capital LLC purchased a new position in shares of Celsius during the third quarter valued at approximately $30,358,000. Dimensional Fund Advisors LP boosted its position in shares of Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Celsius in the 2nd quarter worth approximately $20,024,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.