Stifel Nicolaus Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price objective lowered by Stifel Nicolaus from $45.00 to $37.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on CELH. Roth Mkm reduced their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Piper Sandler reduced their target price on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group dropped their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective for the company. Finally, Truist Financial raised their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.56.

Celsius Price Performance

NASDAQ:CELH opened at $21.28 on Monday. The firm has a market capitalization of $5.00 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.44 and a beta of 1.78. The business has a 50 day simple moving average of $26.90 and a 200 day simple moving average of $31.31. Celsius has a 12-month low of $21.10 and a 12-month high of $99.62.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. HM Payson & Co. boosted its stake in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 550 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Celsius in the 3rd quarter valued at $34,000. Signaturefd LLC increased its stake in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after buying an additional 700 shares during the period. Finally, Activest Wealth Management purchased a new stake in Celsius during the third quarter valued at about $39,000. 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.