Zacks Investment Research Upgrades Celsius Holdings Inc. (CELH) to Buy

Celsius Holdings Inc. (NASDAQ:CELH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $6.25 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.53% from the company’s previous close.

According to Zacks, “Celsius Holdings, Inc. specializes in commercializing healthier, nutritional functional foods, beverages and dietary supplements. Celsius Holdings, Inc. markets Celsius®, the calorie burner, through its wholly-owned operating subsidiary, Celsius, Inc. The Company sells its products through grocery, drug, convenience, club and mass, and health and fitness channels. The Company’s products are produced in Mooresville, North Carolina, and Monroe, Wisconsin. Celsius, Inc. is dedicated to providing healthier, everyday refreshment through science and innovation. The Company serves customers in the United States and internationally. Celsius Holdings, Inc. is based in Delray Beach, Florida. “

CELH has been the subject of several other reports. TheStreet raised Celsius Holdings from a “d” rating to a “c” rating in a report on Monday, August 28th. B. Riley reissued a “buy” rating and issued a $7.00 target price on shares of Celsius Holdings in a report on Monday, August 21st.

Celsius Holdings (NASDAQ CELH) traded down $0.13 during trading hours on Thursday, hitting $5.41. The stock had a trading volume of 48,100 shares, compared to its average volume of 67,969. Celsius Holdings has a twelve month low of $2.05 and a twelve month high of $7.00. The company has a quick ratio of 6.81, a current ratio of 3.79 and a debt-to-equity ratio of 0.16.

Celsius Holdings (NASDAQ:CELH) last posted its earnings results on Wednesday, November 8th. The company reported ($0.04) earnings per share for the quarter. Celsius Holdings had a negative net margin of 10.37% and a negative return on equity of 18.23%. The firm had revenue of $10.79 million during the quarter. research analysts forecast that Celsius Holdings will post -0.11 earnings per share for the current year.

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A hedge fund recently bought a new stake in Celsius Holdings stock. Arcus Capital Partners LLC bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius Holdings comprises 1.5% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 9th largest position. Arcus Capital Partners LLC owned 1.23% of Celsius Holdings at the end of the most recent quarter. Institutional investors own 2.31% of the company’s stock.

About Celsius Holdings

Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.

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