TD Cowen Cuts Celsius (NASDAQ:CELH) Price Target to $85.00

Celsius (NASDAQ:CELH) had its price objective lowered by TD Cowen from $95.00 to $85.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Celsius from $95.00 to $85.00 and set a buy rating for the company in a research report on Wednesday. Stifel Europe increased their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a buy rating in a research report on Monday, March 18th. Wedbush dropped their target price on shares of Celsius from $85.00 to $83.00 and set an outperform rating for the company in a research report on Wednesday. UBS Group dropped their target price on shares of Celsius from $99.00 to $92.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Finally, Roth Mkm increased their target price on shares of Celsius from $90.00 to $105.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Celsius has an average rating of Moderate Buy and an average price target of $87.56.

Celsius Price Performance

Shares of CELH stock opened at $59.96 on Thursday. The firm has a market cap of $13.98 billion, a P/E ratio of 65.89, a PEG ratio of 1.75 and a beta of 1.93. Celsius has a 1-year low of $45.03 and a 1-year high of $99.62. The firm’s 50-day simple moving average is $78.46 and its 200-day simple moving average is $69.57.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share 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 was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Analysts expect that Celsius will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the transaction, the insider now directly owns 226,245 shares in the company, valued at approximately $21,029,472.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at $5,808,371.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total value of $3,718,000.00. Following the transaction, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The disclosure for this sale can be found here. In the last three months, insiders sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after buying an additional 374 shares during the last quarter. Ogborne Capital Management LLC increased its holdings in shares of Celsius by 43.5% during the first quarter. Ogborne Capital Management LLC now owns 638,449 shares of the company’s stock valued at $52,940,000 after purchasing an additional 193,449 shares during the period. Cetera Advisors LLC increased its holdings in shares of Celsius by 163.9% during the first quarter. Cetera Advisors LLC now owns 37,834 shares of the company’s stock valued at $3,137,000 after purchasing an additional 23,496 shares during the period. Cetera Investment Advisers increased its holdings in shares of Celsius by 251.6% during the first quarter. Cetera Investment Advisers now owns 64,465 shares of the company’s stock valued at $5,345,000 after purchasing an additional 46,130 shares during the period. Finally, Atria Investments Inc grew its holdings in Celsius by 8.5% during the first quarter. Atria Investments Inc now owns 21,198 shares of the company’s stock worth $1,758,000 after acquiring an additional 1,667 shares during the period. 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.