Analysts Set Celsius Holdings, Inc. (NASDAQ:CELH) Target Price at $164.80

Posted by on Sep 10th, 2023

Shares of Celsius Holdings, Inc. (NASDAQ:CELH – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $164.80.

Several research firms recently issued reports on CELH. Stephens boosted their target price on shares of Celsius from $180.00 to $200.00 in a report on Wednesday, August 9th. Wedbush upped their target price on Celsius from $155.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Stifel Nicolaus raised their target price on Celsius from $165.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Bank of America boosted their price target on Celsius from $165.00 to $180.00 in a research note on Wednesday, August 9th. Finally, Maxim Group downgraded shares of Celsius from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

Read Our Latest Stock Analysis on Celsius

Insider Buying and Selling at Celsius

In related news, Director Alexandre Ruberti sold 4,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $175.25, for a total value of $701,000.00. Following the sale, the director now owns 15,805 shares in the company, valued at approximately $2,769,826.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Celsius news, Director Nicholas Castaldo sold 55,000 shares of Celsius stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $181.58, for a total value of $9,986,900.00. Following the sale, the director now owns 110,491 shares of the company’s stock, valued at $20,062,955.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alexandre Ruberti sold 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $175.25, for a total transaction of $701,000.00. Following the transaction, the director now directly owns 15,805 shares of the company’s stock, valued at $2,769,826.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 873,608 shares of company stock worth $141,962,128. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in shares of Celsius in the fourth quarter valued at approximately $27,000. Money Concepts Capital Corp bought a new stake in Celsius during the 4th quarter valued at $28,000. IFP Advisors Inc lifted its position in shares of Celsius by 24.2% during the second quarter. IFP Advisors Inc now owns 6,135 shares of the company’s stock worth $29,000 after acquiring an additional 1,196 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Celsius in the second quarter worth $30,000. Finally, National Bank of Canada FI grew its position in shares of Celsius by 52.9% in the second quarter. National Bank of Canada FI now owns 321 shares of the company’s stock valued at $31,000 after purchasing an additional 111 shares in the last quarter. 60.32% of the stock is owned by institutional investors.

Celsius Stock Down 1.8 %

Shares of NASDAQ:CELH opened at $201.63 on Thursday. The business has a fifty day simple moving average of $163.97 and a 200 day simple moving average of $128.93. Celsius has a 12-month low of $78.25 and a 12-month high of $206.85. The firm has a market cap of $15.50 billion, a P/E ratio of -105.56 and a beta of 1.78.

Celsius (NASDAQ:CELH – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.26 by $0.26. The business had revenue of $325.88 million for the quarter, compared to analysts’ expectations of $277.19 million. Celsius had a positive return on equity of 66.52% and a negative net margin of 11.60%. The firm’s revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, equities research analysts expect that Celsius will post 1.81 EPS for the current year.

About Celsius

(Get Free Report

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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Analyst Recommendations for Celsius (NASDAQ:CELH)

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