According to Bloomberg Ratings, Celsius Holdings, Inc. (NASDAQ:CELH) has received an average rating of “Moderate Buy” from the eleven research firms covering the company. Out of these firms, one analyst has given a hold rating while the remaining ten have assigned a buy rating to the stock. Over the past year, brokers who have provided ratings on the stock have set an average 12-month price objective of $185.25.
In recent news related to Celsius, director Nicholas Castaldo sold 55,000 shares of the company’s stock on Wednesday, August 23rd. The shares were sold at an average price of $181.58, resulting in a total value of $9,986,900. Following this transaction, Castaldo now holds 110,491 shares in Celsius valued at approximately $20,062,955.78. This sale was disclosed in a document filed with the SEC and can be accessed through its link. Additionally, director Alexandre Ruberti also sold 4,000 shares on Friday, August 11th at an average price of $175.25 for a total value of $701,000. Following this transaction, Ruberti holds 15,805 shares valued at $2,769-826.25 in the company. Insiders have collectively sold 522,632 shares of CELH stock over the past ninety days with a total value of $91,962-087 representing 2.70% ownership.
Moreover on TuesdayAugust 8thAugust , Celsius reported earnings for Q3 above market expectations with earnings per share (EPS) of $0.52 compared to consensus estimates of $0.26 per share–a positive surprise by $0-260.The company’s revenue for this quarter stood at $325 million and was significantly higher than analysts’ estimates which projected revenue at around$277 millionForQ3The same period last year witnessed negative net margin of 11.60% and a positive return on equity (ROE) of 66.52%. The company’s revenue soared by 111.6%compared to the previous year assuming like-for-like comparison. In the same quarter last year, Celsius posted earnings per share (EPS)of $0.12.
Sell-side analysts have forecasted that Celsius will achieveearnings per share of $1.86 for the current fiscal year based on their aggregated predictions.
To conclude, Celsius Holdings, Inc., has received an overall “Moderate Buy” rating from research firms with one hold rating and ten buy ratings assigned to the stock. The company’s recent financial performance indicates strong revenue growth and exceeded EPS expectations for Q3 when compared to analyst estimates. However, there have been notable insider stock transactions in recent months, indicating selling pressure from corporate insiders.
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Mixed Analyst Sentiments and Institutional Investor Attention: A Comprehensive Overview of Celsius Holdings Inc.
It is perhaps an understatement to say that Celsius Holdings Inc. (CELH) has been receiving significant attention from the equities analysts recently. These experts have delved into the company’s stock and, in turn, provided valuable insights and perspectives on its performance and prospects.
Piper Sandler, one of the well-known financial institutions, issued a research note on Tuesday, August 29th, wherein they increased their price target on Celsius shares from $185.00 to $215.00. Additionally, they gave the stock an “overweight” rating. This implies that Piper Sandler believes the stock has substantial potential for growth and outperformance compared to other stocks in the market.
Wedbush, another prominent player in the finance industry, also expressed a positive outlook for Celsius in a research report released on Wednesday, August 9th. They raised their price objective for the company’s shares from $155.00 to $180.00 while maintaining an “outperform” rating.
TD Cowen initiated coverage on Celsius shares with enthusiasm on Friday, September 15th. They assigned an “outperform” rating to the stock and set a price objective of $250.00 – indicating strong confidence in Celsius’ future success.
However, not all analysts maintained such bullish sentiments towards Celsius. Maxim Group lowered their rating on Wednesday, July 19th; shifting it from “buy” to “hold”. While this downgrade may raise eyebrows among investors due to mixed signals within the analyst community, it is imperative to examine the reasoning behind such decisions before forming conclusions.
Despite this downgrade, B. Riley conveyed a more optimistic tone by raising their price target for Celisus shares from $190.00 to $230.00 on Tuesday, September 12th – accompanied by a “buy” rating which suggests a high degree of confidence in potential returns.
Moving beyond analyst opinions, let us peruse some information about Celsius’ shareholders. A number of hedge funds have recently either increased or decreased their stakes in the company. For instance, OLD Mission Capital LLC acquired a new stake in Celsius shares during the fourth quarter. This acquisition adds more feather to Celsius’ already impressive cap and is estimated to be worth about $27,000.
Similarly, Money Concepts Capital Corp jumped on the bandwagon by purchasing shares of Celsius worth approximately $28,000 during the same period. IFP Advisors Inc also showed interest in the stock by increasing its holdings by 24.2% in the second quarter.
There were other investors who entered into or decreased their stakes as well. However, it is important to remember that many institutional investors and hedge funds hold significant ownership positions in Celsius with a collective 60.32% stake – attesting to trust and confidence placed in this company’s future prospects.
As for financial figures, Celsius opened at $171.60 on Monday, representing an intriguing entry point for potential investors due to its recent performance and market capitalization of $13.19 billion. Furthermore, its historical trading range indicates a 12-month low of $78.25 and a 12-month high of $206.85 – indicating substantial price volatility that merits close attention.
From a technical standpoint, Celsius carries a beta of 1.78 – signifying higher-than-average volatility relative to the broader market benchmark index.
Considering moving averages can provide valuable insights into price trends over specific timeframes, it is noteworthy that Celsius has exhibited stability with a fifty-day simple moving average standing at $175.16 and a two-hundred day simple moving average reaching $139.37.
These figures provide potential investors with essential information regarding recent stock performance and an overview of the company’s fundamental health.
While it may seem perplexing amidst mixed analyst sentiments and varying opinions from institutional investors, diligent consideration of all data points is crucial before making any investment decisions regarding CELH. The stock’s recent performance, market capitalization, and significant attention from both analysts and institutional investors add further complexity to the equation. With all this in mind, potential investors must carefully weigh these factors and conduct their due diligence before deciding whether to invest in Celsius Holdings Inc.
