Fintel reports that on December 6, 2024, Needham initiated coverage of Celsius Holdings (NasdaqCM:CELH) with a Buy recommendation.
Analyst Price Forecast Suggests 52.53% Upside
As of December 3, 2024, the average one-year price target for Celsius Holdings is $42.54/share. The forecasts range from a low of $26.26 to a high of $65.10. The average price target represents an increase of 52.53% from its latest reported closing price of $27.89 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Celsius Holdings is 1,345MM, a decrease of 1.89%. The projected annual non-GAAP EPS is 1.84.
What is the Fund Sentiment?
There are 1,056 funds or institutions reporting positions in Celsius Holdings. This is an decrease of 126 owner(s) or 10.66% in the last quarter. Average portfolio weight of all funds dedicated to CELH is -6.43%, an increase of 2,669.81%. Total shares owned by institutions decreased in the last three months by 7.99% to 198,808K shares. 
The put/call ratio of CELH is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 12,848K shares representing 5.47% ownership of the company. In its prior filing, the firm reported owning 10,764K shares , representing an increase of 16.22%. The firm decreased its portfolio allocation in CELH by 45.60% over the last quarter.
Jpmorgan Chase holds 11,109K shares representing 4.73% ownership of the company. In its prior filing, the firm reported owning 19,335K shares , representing a decrease of 74.06%. The firm decreased its portfolio allocation in CELH by 70.72% over the last quarter.
Price T Rowe Associates holds 7,610K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 7,631K shares , representing a decrease of 0.28%. The firm decreased its portfolio allocation in CELH by 73.68% over the last quarter.
SEEGX - JPMorgan Large Cap Growth Fund Class I holds 7,437K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 11,605K shares , representing a decrease of 56.05%. The firm decreased its portfolio allocation in CELH by 66.20% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 6,075K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 1,411K shares , representing an increase of 76.78%. The firm increased its portfolio allocation in CELH by 94.74% over the last quarter.
Celsius Holdings Background Information
(This description is provided by the company.)
Celsius Holdings, Inc., is a global company with a proprietary, clinically proven formula for its master brand CELSIUS® and all its sub-brands. A lifestyle fitness drink and a pioneer in the rapidly growing performance energy sector, CELSIUS® has five beverage lines that each offer proprietary, functional, healthy-energy formulas clinically-proven to offer significant health benefits to its users. The five lines include, CELSIUS® Originals, CELSIUS HEAT™, CELSIUS® BCAA +Energy, CELSIUS® On-the-Go, and CELSIUS® Sweetened with Stevia. CELSIUS® has zero sugar, no preservatives, no aspartame, no high fructose corn syrup, and is non-GMO, with no artificial flavors or colors. The CELSIUS® line of products is Certified Kosher and Vegan. CELSIUS® is also soy and gluten-free and contains very little sodium. CELSIUS® is backed by six university studies that were published in peer-reviewed journals validating the unique benefits CELSIUS® provides. CELSIUS® is sold nationally at Target, CVS, Walmart, GNC, Vitamin Shoppe, 7-Eleven, Dick's Sporting Goods, The Fresh Market, Sprouts and other key regional retailers such as HEB, Publix, Winn-Dixie, Harris Teeter, Shaw's and Food Lion. It is also available on Amazon, at fitness clubs and in select micro-markets across the country.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
