Morgan Stanley Reaffirms “Equal Weight” Rating for Celsius (NASDAQ:CELH)

Morgan Stanley restated their equal weight rating on shares of Celsius (NASDAQ:CELH) in a research note issued to investors on Tuesday, Benzinga reports. Morgan Stanley currently has a $68.00 target price on the stock.

Other analysts have also issued reports about the company. BNP Paribas began coverage on Celsius in a report on Monday, June 24th. They issued an outperform rating and a $87.00 price objective on the stock. Piper Sandler lifted their price target on Celsius from $76.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Stifel Nicolaus lowered their price target on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a research note on Wednesday, June 12th. Roth Mkm lowered their price target 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, Truist Financial started coverage on Celsius in a research note on Tuesday. They issued a hold rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius has an average rating of Moderate Buy and a consensus price target of $81.82.

Celsius Trading Down 0.8 %

Shares of CELH opened at $57.09 on Tuesday. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62. The stock’s 50 day moving average is $75.00 and its two-hundred day moving average is $70.04. The firm has a market cap of $13.31 billion, a P/E ratio of 62.74, a PEG ratio of 1.63 and a beta of 1.93.

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

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a document filed 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 the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares in the company, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. Insiders have sold 1,776,696 shares of company stock worth $107,920,209 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently modified their holdings of CELH. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. acquired a new position in Celsius during the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new position in Celsius during the 4th quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new position in Celsius during the 1st quarter worth $25,000. Finally, Tidemark LLC acquired a new position in Celsius during the 4th quarter worth $29,000. 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.