Celsius (NASDAQ:CELH) Raised to “Hold” at Wall Street Zen

Celsius (NASDAQ:CELH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

CELH has been the topic of several other research reports. Sanford C. Bernstein lowered Celsius from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $44.00 to $26.00 in a research note on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $36.00 price target on shares of Celsius in a research note on Monday, August 24th. Maxim Group cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup reduced their price target on shares of Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $48.00 price objective on shares of Celsius in a research note on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Celsius Stock Performance

NASDAQ:CELH opened at $27.52 on Friday. Celsius has a fifty-two week low of $23.56 and a fifty-two week high of $66.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.42 and a current ratio of 1.80. The company has a 50 day moving average price of $29.43 and a 200 day moving average price of $31.01. The stock has a market capitalization of $6.96 billion, a P/E ratio of 114.67, a PEG ratio of 1.87 and a beta of 1.01.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm had revenue of $817.93 million during the quarter, compared to analysts’ expectations of $870.08 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that Celsius will post 1.43 EPS for the current year.

Insider Buying and Selling

In other Celsius news, CEO John Fieldly purchased 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $27.44 per share, for a total transaction of $493,920.00. Following the purchase, the chief executive officer directly owned 956,063 shares in the company, valued at approximately $26,234,368.72. This trade represents a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hal Kravitz acquired 12,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $336,000.00. Following the completion of the purchase, the director owned 239,158 shares of the company’s stock, valued at $6,696,424. This trade represents a 5.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 66,000 shares of company stock worth $1,830,120 in the last quarter. 2.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new position in Celsius in the 2nd quarter valued at about $31,000. Summit Securities Group LLC purchased a new position in shares of Celsius in the 1st quarter valued at approximately $56,000. AlphaCentric Advisors LLC purchased a new position in shares of Celsius in the 1st quarter valued at approximately $69,000. Ancora Advisors LLC acquired a new position in shares of Celsius in the second quarter valued at approximately $64,000. Finally, Western Wealth Management LLC acquired a new position in shares of Celsius in the first quarter valued at approximately $79,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional beverages designed to support active lifestyles. Its flagship CELSIUS brand offers carbonated and non-carbonated energy drinks, including CELSIUS Vibe and CELSIUS Essentials product lines. The beverages are positioned as better-for-you alternatives to traditional energy drinks and are available in a variety of flavors and package formats.

The company sells its products through grocery stores, convenience stores, club retailers, drugstores, gyms, e-commerce platforms and other retail channels.