Deutsche Bank Aktiengesellschaft Begins Coverage on Celsius (NASDAQ:CELH)

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Celsius (NASDAQ:CELH) in a research note issued to investors on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a $32.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 0.66% from the stock’s previous close.

A number of other research firms also recently commented on CELH. Jefferies Financial Group dropped their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. LADENBURG THALM/SH SH dropped their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.28.

Celsius Stock Down 0.6 %

Shares of Celsius stock opened at $31.79 on Thursday. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The firm’s 50 day moving average is $30.02 and its two-hundred day moving average is $42.17. The firm has a market capitalization of $7.47 billion, a P/E ratio of 44.15, a P/E/G ratio of 3.44 and a beta of 1.76.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its holdings in shares of Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after buying an additional 289 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after acquiring an additional 289 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock worth $3,106,000 after purchasing an additional 337 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Celsius by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock worth $2,376,000 after purchasing an additional 375 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds 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.