B. Riley Lowers Celsius (NASDAQ:CELH) Price Target to $73.00

Celsius (NASDAQ:CELH) had its price target cut by B. Riley from $80.00 to $73.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 81.01% from the stock’s current price.

A number of other analysts also recently issued reports on CELH. Wedbush cut their price target on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Jefferies Financial Group cut their price target on shares of Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $68.00 price objective on shares of Celsius in a research report on Tuesday, July 9th. Piper Sandler lowered their price objective on shares of Celsius from $90.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 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. Based on data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.98.

Celsius Trading Down 0.1 %

Shares of CELH stock traded down $0.05 during trading hours on Wednesday, reaching $40.33. 4,687,421 shares of the company’s stock were exchanged, compared to its average volume of 5,172,521. The stock’s 50 day moving average is $58.72 and its 200-day moving average is $69.59. Celsius has a fifty-two week low of $39.01 and a fifty-two week high of $99.62. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 1.38 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 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 23.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. Equities analysts anticipate that Celsius will post 1.05 EPS for the current year.

Insider Buying and Selling at Celsius

In other Celsius news, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the transaction, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CELH. Transcendent Capital Group LLC acquired a new position in Celsius during the fourth quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius in the first quarter valued at approximately $25,000. Tidemark LLC acquired a new stake in shares of Celsius in the fourth quarter valued at approximately $29,000. Heritage Wealth Advisors grew its position in shares of Celsius by 200.0% in the fourth quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after purchasing an additional 368 shares during the last quarter. Finally, S.A. Mason LLC acquired a new stake in shares of Celsius in the second quarter valued at approximately $30,000. 60.95% of the stock is owned by hedge funds and other 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.