Celsius (NASDAQ:CELH) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Celsius (NASDAQ:CELH) from a strong-buy rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “Celsius Holdings, Inc. specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. Celsius Holdings, Inc. markets Celsius®, the calorie burner, through its wholly-owned operating subsidiary, Celsius, Inc. The Company sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. The Company’s products are produced in Mooresville, North Carolina, and Monroe, Wisconsin. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. The Company serves customers in the United States and internationally. Celsius Holdings, Inc. is based in Delray Beach, Florida. “

Other equities research analysts have also recently issued research reports about the stock. Maxim Group reaffirmed a buy rating and set a $8.00 target price on shares of Celsius in a research note on Thursday, March 14th. TheStreet cut shares of Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st.

Shares of NASDAQ CELH opened at $4.10 on Wednesday. Celsius has a one year low of $3.05 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.07 and a current ratio of 3.53. The business has a fifty day moving average of $4.04. The stock has a market cap of $234.96 million, a price-to-earnings ratio of -17.83 and a beta of 0.90.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Celsius had a net margin of 5.97% and a negative return on equity of 59.91%. The company had revenue of $14.49 million for the quarter, compared to analysts’ expectations of $14.26 million. As a group, research analysts predict that Celsius will post -0.01 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Celsius by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,149,883 shares of the company’s stock worth $3,991,000 after purchasing an additional 9,145 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Celsius by 51.2% during the 4th quarter. Rhumbline Advisers now owns 27,300 shares of the company’s stock valued at $95,000 after acquiring an additional 9,240 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Celsius by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 175,212 shares of the company’s stock valued at $607,000 after acquiring an additional 10,525 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Celsius during the 1st quarter valued at about $70,000. Finally, SG Americas Securities LLC acquired a new position in shares of Celsius during the 1st quarter valued at about $71,000. 48.26% of the stock is currently owned by institutional investors.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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