Celsius (NASDAQ:CELH) Upgraded to Buy at Truist Financial

Celsius (NASDAQ:CELH) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,Finviz reports. The firm presently has a $45.00 target price on the stock, up from their previous target price of $35.00. Truist Financial’s price objective points to a potential upside of 33.73% from the stock’s previous close.

Several other brokerages have also issued reports on CELH. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. Roth Mkm reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Finally, Needham & Company LLC boosted their price objective on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Celsius Trading Down 4.3 %

CELH stock opened at $33.65 on Monday. The firm has a market cap of $7.91 billion, a PE ratio of 76.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. The stock has a 50-day moving average price of $26.86 and a 200-day moving average price of $28.77. Celsius has a 1-year low of $21.10 and a 1-year high of $98.85.

Celsius (NASDAQ:CELH) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. On average, analysts forecast that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. grew its position in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock valued at $99,000 after purchasing an additional 459 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Celsius by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock worth $2,040,000 after purchasing an additional 490 shares in the last quarter. Finally, Apriem Advisors boosted its stake in Celsius by 3.0% in the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares during the period. Institutional investors own 60.95% of the company’s stock.

About Celsius

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.