Celsius (NASDAQ:CELH) Given New $145.00 Price Target at Bank of America

Celsius (NASDAQ:CELH – Get Rating) had its target price increased by Bank of America from $125.00 to $145.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other research analysts also recently issued reports on CELH. UBS Group upped their price target on Celsius from $120.00 to $130.00 in a report on Wednesday, May 10th. Stifel Nicolaus increased their price target on Celsius from $115.00 to $129.00 in a research note on Wednesday, May 10th. Maxim Group raised their price target on Celsius from $130.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, May 10th. Wedbush boosted their price target on Celsius from $115.00 to $130.00 in a research report on Wednesday, May 10th. Finally, LADENBURG THALM/SH SH boosted their price target on Celsius from $110.00 to $122.00 in a research note on Wednesday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and an average price target of $131.78.

Celsius Stock Performance

NASDAQ:CELH opened at $129.61 on Tuesday. The company has a market capitalization of $9.95 billion, a PE ratio of -56.15 and a beta of 1.80. Celsius has a fifty-two week low of $52.11 and a fifty-two week high of $138.80. The company has a 50 day simple moving average of $98.47 and a two-hundred day simple moving average of $99.42.

Celsius (NASDAQ:CELH – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.18. The company had revenue of $259.94 million during the quarter, compared to analyst estimates of $219.58 million. Celsius had a positive return on equity of 9.01% and a negative net margin of 19.58%. The firm’s revenue for the quarter was up 94.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Research analysts predict that Celsius will post 1.39 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $90.25, for a total transaction of $50,000,034.25. Following the completion of the sale, the insider now owns 8,846,232 shares of the company’s stock, valued at $798,372,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder William H. Milmoe sold 20,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $122.03, for a total transaction of $2,440,600.00. Following the completion of the transaction, the insider now owns 29,915 shares in the company, valued at $3,650,527.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hoi Shuen Solina Holly Chau sold 554,017 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $90.25, for a total transaction of $50,000,034.25. Following the sale, the insider now directly owns 8,846,232 shares in the company, valued at $798,372,438. The disclosure for this sale can be found here. Insiders have sold 1,088,950 shares of company stock worth $102,440,629 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Celsius in the 4th quarter valued at $27,000. Money Concepts Capital Corp acquired a new position in shares of Celsius in the 4th quarter valued at $28,000. IFP Advisors Inc lifted its stake in Celsius by 19.7% during the 4th quarter. IFP Advisors Inc now owns 4,185 shares of the company’s stock worth $38,000 after acquiring an additional 690 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Celsius by 437.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 457 shares of the company’s stock worth $41,000 after purchasing an additional 372 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Celsius in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.

Celsius Company Profile

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Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of functional drinks and liquid supplements. It also offers post-workout functional energy drinks and protein bars. The company was founded in April 2004 and is headquartered in Boca Raton, FL.