Celsius (NASDAQ:CELH) Price Target Lowered to $45.00 at Stifel Nicolaus

Celsius (NASDAQ:CELH) had its price target trimmed by Stifel Nicolaus from $51.00 to $45.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group decreased their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Down 3.7 %

NASDAQ CELH traded down $1.11 during trading on Thursday, reaching $28.90. 7,759,373 shares of the stock traded hands, compared to its average volume of 5,951,481. The stock’s 50-day moving average price is $32.34 and its 200 day moving average price is $51.49. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. Celsius has a fifty-two week low of $27.78 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. During the same quarter last year, the business posted $0.17 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year. Analysts anticipate that Celsius will post 0.79 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vontobel Holding Ltd. lifted its holdings in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Celsius in the 2nd quarter worth approximately $20,024,000. LRI Investments LLC purchased a new stake in Celsius in the first quarter worth $134,000. Cetera Investment Advisers grew its stake in shares of Celsius by 189.3% in the second quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after acquiring an additional 122,011 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Celsius in the 1st quarter worth approximately $563,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

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.