William Blair analyst Jon Andersen has maintained their bullish stance on CELH stock, giving a Buy rating yesterday.
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Jon Andersen’s rating is based on a combination of factors, including Celsius Holdings’ strong financial performance in the fourth quarter, where its EBITDA significantly surpassed expectations. The company’s earnings quality was robust, with sales aligning with projections, gross margins exceeding expectations, and a better-than-forecast operating expense ratio.
Additionally, the strategic move to acquire Alani Nu, a rapidly growing functional energy drink brand, is expected to be accretive to sales and cash earnings upon completion. This acquisition is anticipated to enhance the company’s growth prospects and strengthen its market position, further justifying the Buy rating.
In another report released yesterday, Needham also reiterated a Buy rating on the stock with a $38.00 price target.
Based on the recent corporate insider activity of 72 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.