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Maxim Group Believes Celsius Holdings (CELH) Won’t Stop Here

In a report released yesterday, Anthony Vendetti from Maxim Group reiterated a Buy rating on Celsius Holdings (CELHResearch Report), with a price target of $130.00. The company’s shares closed last Tuesday at $103.61, close to its 52-week high of $110.22.

According to TipRanks.com, Vendetti is a 2-star analyst with an average return of 0.6% and a 35.6% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Guardion Health Sciences, Applied DNA Sciences, and Dermata Therapeutics.

Currently, the analyst consensus on Celsius Holdings is a Strong Buy with an average price target of $97.00, representing a -1.4% downside. In a report issued on July 20, Stifel Nicolaus also maintained a Buy rating on the stock with a $93.00 price target.

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Based on Celsius Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $133 million and net profit of $6.68 million. In comparison, last year the company earned revenue of $50.04 million and had a net profit of $585K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CELH in relation to earlier this year.

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Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

Read More on CELH:

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