Celsius (NASDAQ:CELH) Given New $35.00 Price Target at Truist Financial

Celsius (NASDAQ:CELH) had its price objective hoisted by equities researchers at Truist Financial from $30.00 to $35.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 1.51% from the stock’s current price.

A number of other equities research analysts have also weighed in on CELH. Bank of America cut their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler lowered their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. BNP Paribas started coverage on Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Finally, TD Cowen decreased their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.29.

Celsius Price Performance

NASDAQ:CELH traded up $0.32 during mid-day trading on Wednesday, reaching $34.48. 3,075,932 shares of the company’s stock traded hands, compared to its average volume of 5,704,520. The company has a 50 day moving average price of $35.09 and a 200-day moving average price of $56.69. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.29 and a beta of 1.84. Celsius has a 12-month low of $28.20 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. As a group, analysts forecast that Celsius will post 0.82 EPS for the current year.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky lifted its stake in Celsius by 185.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 46,597 shares of the company’s stock worth $2,540,000 after purchasing an additional 30,298 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Celsius by 80.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 436,849 shares of the company’s stock worth $23,817,000 after acquiring an additional 195,167 shares during the period. Wellington Management Group LLP raised its stake in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the period. Vanguard Group Inc. raised its position in shares of Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after purchasing an additional 8,899,873 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Celsius by 172.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,301 shares of the company’s stock valued at $398,000 after purchasing an additional 4,618 shares in the last quarter. Hedge funds and other 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.