Brokerages Set Celsius Holdings, Inc. (CELH) Price Target at $7.50

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Celsius Holdings, Inc. (NASDAQ:CELH) has received an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $7.50.

A number of brokerages have issued reports on CELH. B. Riley set a $7.00 price objective on shares of Celsius and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Celsius from a “strong sell” rating to a “hold” rating in a research note on Monday, October 15th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Celsius in a research note on Friday, August 10th.

Shares of NASDAQ CELH opened at $3.92 on Wednesday. Celsius has a 1-year low of $3.05 and a 1-year high of $6.05. The stock has a market cap of $204.49 million, a price-to-earnings ratio of -392.00 and a beta of 0.38. The company has a current ratio of 3.11, a quick ratio of 2.30 and a debt-to-equity ratio of 0.27.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Celsius had a negative net margin of 31.73% and a negative return on equity of 47.60%. The business had revenue of $16.57 million during the quarter, compared to the consensus estimate of $11.72 million. On average, research analysts expect that Celsius will post -0.21 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Granite Investment Partners LLC acquired a new stake in Celsius in the second quarter worth $458,000. Schwab Charles Investment Management Inc. acquired a new stake in Celsius in the second quarter worth $198,000. Anchor Capital Advisors LLC raised its holdings in Celsius by 473.0% in the second quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock worth $920,000 after purchasing an additional 165,172 shares during the period. BlackRock Inc. acquired a new stake in Celsius in the second quarter worth $5,095,000. Finally, Millennium Management LLC raised its holdings in Celsius by 146.6% in the first quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock worth $932,000 after purchasing an additional 127,388 shares during the period. 20.93% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

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

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