B. Riley Has Lowered Expectations for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its target price lowered by B. Riley from $50.00 to $47.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 51.37% from the stock’s previous close.

Several other research firms also recently issued reports on CELH. LADENBURG THALM/SH SH lowered their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. UBS Group dropped their price target on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Maxim Group decreased their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Truist Financial increased their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Finally, TD Cowen cut their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.27.

Celsius Price Performance

NASDAQ:CELH traded down $0.43 during trading hours on Monday, hitting $31.05. The company’s stock had a trading volume of 2,716,066 shares, compared to its average volume of 5,829,404. The company has a market capitalization of $7.24 billion, a P/E ratio of 30.54, a PEG ratio of 2.34 and a beta of 1.86. Celsius has a twelve month low of $28.20 and a twelve month high of $99.62. The stock has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $52.33.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. During the same quarter last year, the business posted $0.17 EPS. Celsius’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities analysts predict that Celsius will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of large investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its position in shares of Celsius by 93.5% in the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after acquiring an additional 22,786 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Celsius during the second quarter valued at approximately $20,024,000. LRI Investments LLC bought a new position in shares of Celsius during the first quarter valued at $134,000. Cetera Investment Advisers increased its stake in Celsius by 189.3% during the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after purchasing an additional 122,011 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius in the first quarter worth $563,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

About Celsius

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.