Celsius (NASDAQ:CELH) Given New $65.00 Price Target at Piper Sandler

Celsius (NASDAQ:CELH) had its target price lowered by Piper Sandler from $90.00 to $65.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on CELH. Truist Financial began coverage on Celsius in a report on Tuesday, June 25th. They issued a hold rating and a $60.00 target price on the stock. Roth Mkm reduced their price objective on Celsius from $87.00 to $75.00 and set a buy rating on the stock in a research note on Thursday, July 18th. Stifel Nicolaus reissued a buy rating and set a $65.00 target price on shares of Celsius in a research note on Tuesday, July 9th. BNP Paribas assumed coverage on shares of Celsius in a research note on Monday, June 24th. They issued an outperform rating and a $87.00 price target on the stock. Finally, Jefferies Financial Group lowered their price objective on shares of Celsius from $98.00 to $68.00 and set a buy rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Celsius presently has a consensus rating of Moderate Buy and an average target price of $64.79.

Celsius Trading Down 3.8 %

Shares of CELH stock opened at $38.08 on Wednesday. Celsius has a 1 year low of $36.17 and a 1 year high of $99.62. The stock has a market cap of $8.88 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. The stock has a 50 day simple moving average of $55.44 and a 200 day simple moving average of $68.99.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. During the same period last year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. Analysts forecast that Celsius will post 1.05 EPS for the current year.

Insider Activity at Celsius

In other Celsius news, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the transaction, the director now owns 201,282 shares in the company, valued at approximately $18,169,726.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the transaction, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares in the company, valued at approximately $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after acquiring an additional 8,899,873 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after purchasing an additional 2,754,722 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after purchasing an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Celsius by 424.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after purchasing an additional 2,261,046 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after buying an additional 1,934,400 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.