Celsius (NASDAQ:CELH) PT Lowered to $68.00 at TD Cowen

Celsius (NASDAQ:CELH) had its target price trimmed by TD Cowen from $85.00 to $68.00 in a research report released on Monday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also weighed in on CELH. Wedbush reduced their price objective on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a report on Wednesday, June 12th. Jefferies Financial Group reduced their price objective on shares of Celsius from $104.00 to $98.00 and set a buy rating on the stock in a report on Thursday, June 13th. UBS Group dropped their target price on shares of Celsius from $99.00 to $92.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. Roth Mkm dropped their target price on shares of Celsius from $96.00 to $87.00 and set a buy rating on the stock in a research report on Monday, June 17th. Finally, Morgan Stanley reissued an equal weight rating and set a $68.00 price objective on shares of Celsius in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of Moderate Buy and a consensus target price of $79.09.

Celsius Stock Performance

Shares of CELH stock opened at $50.75 on Monday. The firm has a market cap of $11.83 billion, a P/E ratio of 55.77, a P/E/G ratio of 1.60 and a beta of 1.90. Celsius has a one year low of $45.03 and a one year high of $99.62. The firm’s 50 day moving average price is $70.94 and its 200-day moving average price is $70.73.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company 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 firm’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. As a group, research analysts predict that Celsius will post 1.06 EPS for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Hal Kravitz sold 16,500 shares of the business’s 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 transaction, the director now directly owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after acquiring an additional 324,049 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Celsius in the fourth quarter valued at $242,000. Coldstream Capital Management Inc. raised its holdings in Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after acquiring an additional 2,589 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in Celsius in the fourth quarter valued at $917,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Celsius by 215.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after purchasing an additional 332,980 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

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.