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

Needham & Company LLC reissued their buy rating on shares of Celsius (NASDAQ:CELH) in a research note published on Monday,Benzinga reports. They currently have a $38.00 price target on the stock.

Several other research analysts also recently weighed in on CELH. LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Roth Mkm reduced their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price on the stock. Piper Sandler reduced their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Finally, UBS Group decreased their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.28.

Celsius Stock Down 0.7 %

NASDAQ:CELH opened at $29.01 on Monday. The stock has a market capitalization of $6.82 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 3.44 and a beta of 1.79. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The stock’s 50-day moving average price is $28.55 and its 200-day moving average price is $36.37.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co purchased a new position in Celsius during the fourth quarter worth about $869,000. GAMMA Investing LLC boosted its position in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after purchasing an additional 1,114 shares during the period. Retirement Systems of Alabama increased its holdings in Celsius by 7.3% in the 3rd quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock valued at $8,922,000 after purchasing an additional 19,387 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Celsius in the 3rd quarter valued at approximately $734,000. Finally, Tidal Investments LLC raised its position in Celsius by 58.9% in the third quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock valued at $695,000 after purchasing an additional 8,215 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.