Celsius (NASDAQ:CELH) Given Equal Weight Rating at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of Celsius (NASDAQ:CELH) in a research report sent to investors on Wednesday, Benzinga reports. Morgan Stanley currently has a $75.00 target price on the stock.

Several other brokerages have also recently issued reports on CELH. Bank of America cut Celsius from a buy rating to a neutral rating and set a $65.00 price objective on the stock. in a research note on Friday, January 19th. Jefferies Financial Group boosted their price objective on Celsius from $98.00 to $105.00 and gave the stock a buy rating in a research report on Monday, March 18th. Wedbush increased their target price on shares of Celsius from $75.00 to $90.00 and gave the company an outperform rating in a research report on Monday, March 4th. Roth Mkm increased their price target on Celsius from $90.00 to $105.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Stifel Europe lifted their price objective on shares of Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $84.38.

Celsius Stock Down 8.5 %

NASDAQ:CELH opened at $83.43 on Wednesday. Celsius has a fifty-two week low of $28.08 and a fifty-two week high of $99.62. The company has a market cap of $19.27 billion, a P/E ratio of 107.89, a P/E/G ratio of 2.68 and a beta of 1.87. The firm’s 50 day moving average is $70.41 and its two-hundred day moving average is $62.11.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Research analysts forecast that Celsius will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder William H. Milmoe sold 60,462 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $33.33, for a total transaction of $2,015,198.46. Following the transaction, the insider now owns 31,603,782 shares of the company’s stock, valued at $1,053,354,054.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO John Fieldly sold 9,107 shares of Celsius stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $93.13, for a total value of $848,134.91. Following the transaction, the chief executive officer now owns 340,550 shares in the company, valued at approximately $31,715,421.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 60,462 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $33.33, for a total value of $2,015,198.46. Following the completion of the sale, the insider now directly owns 31,603,782 shares in the company, valued at $1,053,354,054.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,120,568 shares of company stock valued at $64,473,782 in the last three months. 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. Cary Street Partners Investment Advisory LLC boosted its position in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Heritage Wealth Advisors acquired a new stake in Celsius in the 3rd quarter worth $32,000. St. Johns Investment Management Company LLC bought a new position in shares of Celsius during the 3rd quarter worth about $34,000. Parkside Financial Bank & Trust bought a new stake in shares of Celsius in the second quarter valued at about $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Celsius during the third quarter worth about $36,000. Institutional investors and hedge funds 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, 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.