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

Celsius (NASDAQ:CELH)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $38.00 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 49.72% from the stock’s previous close.

CELH has been the topic of a number of other research reports. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Celsius in a research report on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. LADENBURG THALM/SH SH dropped their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned 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 $48.00.

Celsius Trading Down 1.5 %

Shares of NASDAQ CELH opened at $25.38 on Tuesday. The business’s 50 day moving average is $28.01 and its 200-day moving average is $33.61. The firm has a market cap of $5.97 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. Celsius has a 1-year low of $24.55 and a 1-year high of $99.62.

Insider Activity at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

A number of large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after buying an additional 289 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after purchasing an additional 337 shares during the last quarter. Signaturefd LLC increased its holdings in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Celsius by 6.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 9,417 shares of the company’s stock valued at $248,000 after buying an additional 586 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.