B. Riley Increases Celsius (NASDAQ:CELH) Price Target to $112.00

Celsius (NASDAQ:CELHGet Rating) had its price target hoisted by B. Riley from $100.00 to $112.00 in a report issued on Tuesday, The Fly reports. B. Riley’s price objective points to a potential upside of 6.23% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Maxim Group raised Celsius from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, May 11th. LADENBURG THALM/SH SH raised their price target on Celsius from $113.50 to $120.00 in a research note on Wednesday, May 11th. Finally, Stifel Nicolaus raised their price target on Celsius from $67.00 to $77.00 in a research note on Friday, June 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Celsius presently has an average rating of “Moderate Buy” and an average price target of $98.86.

Celsius Trading Up 1.8 %

Shares of NASDAQ CELH opened at $105.43 on Tuesday. Celsius has a one year low of $38.31 and a one year high of $110.22. The firm has a market capitalization of $7.95 billion, a PE ratio of 329.47 and a beta of 1.97. The business has a 50-day moving average price of $71.88 and a two-hundred day moving average price of $59.96.

Celsius (NASDAQ:CELHGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Celsius had a return on equity of 12.21% and a net margin of 6.37%. The firm had revenue of $133.39 million during the quarter, compared to analyst estimates of $114.27 million. During the same period last year, the company posted $0.01 EPS. The business’s quarterly revenue was up 166.6% compared to the same quarter last year. Research analysts anticipate that Celsius will post 0.47 EPS for the current year.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $75.00, for a total value of $3,750,000.00. Following the transaction, the chief executive officer now directly owns 325,252 shares of the company’s stock, valued at approximately $24,393,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Celsius news, CEO John Fieldly sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $75.00, for a total value of $3,750,000.00. Following the sale, the chief executive officer now owns 325,252 shares of the company’s stock, valued at approximately $24,393,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder William H. Milmoe sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $99.94, for a total value of $1,349,190.00. Following the completion of the sale, the insider now directly owns 70,314 shares in the company, valued at approximately $7,027,181.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,500 shares of company stock valued at $18,158,440. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. Covestor Ltd acquired a new stake in shares of Celsius during the 4th quarter worth approximately $45,000. Selective Wealth Management Inc. acquired a new stake in shares of Celsius during the 2nd quarter worth approximately $52,000. Lazard Asset Management LLC acquired a new stake in shares of Celsius during the 1st quarter worth approximately $69,000. Point72 Hong Kong Ltd acquired a new stake in shares of Celsius during the 1st quarter worth approximately $78,000. Finally, Penserra Capital Management LLC grew its holdings in shares of Celsius by 95.0% during the 1st quarter. Penserra Capital Management LLC now owns 3,276 shares of the company’s stock worth $180,000 after purchasing an additional 1,596 shares in the last quarter. Institutional investors and hedge funds own 45.59% of the company’s stock.

About Celsius

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Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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