Celsius (NASDAQ:CELH) Now Covered by Analysts at Needham & Company LLC

Stock analysts at Needham & Company LLC initiated coverage on shares of Celsius (NASDAQ:CELH) in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. Needham & Company LLC’s price objective suggests a potential upside of 36.25% from the company’s previous close.

CELH has been the topic of several other reports. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group dropped their target price on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Finally, Jefferies Financial Group lowered their price target on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.38.

Celsius Stock Down 3.7 %

CELH opened at $27.89 on Friday. The company has a market capitalization of $6.55 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 3.34 and a beta of 1.76. The firm has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $44.40. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 19.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after purchasing an additional 221,833 shares during the period. Van ECK Associates Corp raised its position in Celsius by 169.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock worth $893,000 after buying an additional 18,456 shares during the last quarter. Savoir Faire Capital Management L.P. lifted its stake in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock valued at $5,442,000 after acquiring an additional 25,315 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Celsius in the third quarter worth $984,000. 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.