Celsius (NASDAQ:CELH) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Celsius (NASDAQ:CELH) from a sell rating to a hold rating in a research note issued to investors on Friday morning, BidAskClub reports.

A number of other brokerages have also recently issued reports on CELH. Zacks Investment Research upgraded shares of Celsius from a hold rating to a buy rating and set a $5.50 target price for the company in a research report on Tuesday, January 14th. ValuEngine upgraded shares of Celsius from a sell rating to a hold rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $7.83.

Shares of Celsius stock opened at $5.24 on Friday. The company has a market capitalization of $360.93 million, a P/E ratio of 30.82 and a beta of 1.03. The company’s fifty day moving average is $4.66 and its two-hundred day moving average is $4.15. Celsius has a 1 year low of $3.06 and a 1 year high of $5.37.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $18.29 million. Celsius had a net margin of 15.67% and a negative return on equity of 6.41%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Celsius by 12.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock worth $280,000 after purchasing an additional 7,055 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Celsius by 12.5% in the second quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock valued at $295,000 after acquiring an additional 7,419 shares in the last quarter. Northern Trust Corp raised its holdings in Celsius by 2.3% in the second quarter. Northern Trust Corp now owns 240,153 shares of the company’s stock valued at $1,066,000 after acquiring an additional 5,330 shares in the last quarter. BlackRock Inc. raised its holdings in Celsius by 14.0% in the second quarter. BlackRock Inc. now owns 1,344,774 shares of the company’s stock valued at $5,971,000 after acquiring an additional 164,651 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Celsius by 2.7% in the second quarter. Vanguard Group Inc. now owns 919,268 shares of the company’s stock valued at $4,081,000 after acquiring an additional 24,417 shares in the last quarter. Institutional investors own 45.28% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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