Celsius (NASDAQ:CELH) Price Target Lowered to $85.00 at Stifel Nicolaus

Celsius (NASDAQ:CELH) had its price target decreased by Stifel Nicolaus from $95.00 to $85.00 in a research note released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also commented on the stock. Jefferies Financial Group lifted their price objective on shares of Celsius from $98.00 to $105.00 and gave the stock a buy rating in a research report on Monday, March 18th. Piper Sandler lifted their price objective on shares of Celsius from $76.00 to $90.00 and gave the stock an overweight rating in a research report on Friday, March 1st. Bank of America lifted their target price on shares of Celsius from $80.00 to $84.00 and gave the stock a neutral rating in a research note on Wednesday, May 29th. Morgan Stanley reduced their target price on shares of Celsius from $75.00 to $68.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, Stifel Europe lifted their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $87.56.

Celsius Price Performance

CELH opened at $59.96 on Wednesday. The company’s 50-day moving average is $78.46 and its 200 day moving average is $69.57. Celsius has a fifty-two week low of $45.03 and a fifty-two week high of $99.62. The firm has a market capitalization of $13.98 billion, a P/E ratio of 65.89, a PEG ratio of 1.75 and a beta of 1.93.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, equities research analysts expect that Celsius will post 1.09 earnings per share for the current year.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,035,885 shares in the company, valued at $1,493,891,257.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,776,696 shares of company stock valued at $107,920,209. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently bought and sold shares of CELH. Cary Street Partners Investment Advisory LLC lifted its position in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Celsius in the 4th quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Celsius in the 4th quarter worth approximately $25,000. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius in the 1st quarter worth approximately $25,000. Finally, Tidemark LLC bought a new stake in shares of Celsius in the 4th quarter worth approximately $29,000. 60.95% of the stock is currently owned by institutional investors.

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.