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 report issued on Tuesday morning, Benzinga reports. Morgan Stanley currently has a $68.00 price objective on the stock.

Several other brokerages have also recently issued reports on CELH. Bank of America raised their price objective on Celsius from $80.00 to $84.00 and gave the stock a neutral rating in a research note on Wednesday, May 29th. Truist Financial initiated coverage on Celsius in a research note on Tuesday, June 25th. They set a hold rating and a $60.00 price objective on the stock. BNP Paribas initiated coverage on Celsius in a research note on Monday, June 24th. They set an outperform rating and a $87.00 price objective on the stock. Roth Mkm reduced their price objective on Celsius from $96.00 to $87.00 and set a buy rating on the stock in a research note on Monday, June 17th. Finally, Jefferies Financial Group cut their target price on Celsius from $104.00 to $98.00 and set a buy rating on the stock in a research note on Thursday, June 13th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $80.22.

Celsius Trading Up 0.6 %

CELH stock opened at $58.90 on Tuesday. Celsius has a twelve month low of $45.03 and a twelve month high of $99.62. The company has a market capitalization of $13.73 billion, a P/E ratio of 64.73, a PEG ratio of 1.65 and a beta of 1.90. The firm has a 50 day simple moving average of $71.94 and a 200-day simple moving average of $70.54.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $390.37 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. On average, research analysts predict that Celsius will post 1.07 EPS for the current year.

Insider Activity

In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the transaction, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CELH. Vanguard Group Inc. grew its holdings in Celsius by 183.6% during the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after acquiring an additional 8,899,873 shares during the period. Wellington Management Group LLP boosted its position in 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 acquiring an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Celsius by 424.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after acquiring an additional 2,261,046 shares during the period. Eagle Asset Management Inc. boosted its position in Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Celsius during the 4th quarter valued at about $101,116,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.