Celsius (NASDAQ:CELH) Price Target Lowered to $40.00 at Roth Mkm

Celsius (NASDAQ:CELH) had its price objective lowered by Roth Mkm from $43.00 to $40.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also weighed in on CELH. TD Cowen cut their target price on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus lowered their price objective on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. UBS Group reduced their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. LADENBURG THALM/SH SH lowered their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, Piper Sandler cut their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.40.

Celsius Stock Down 3.7 %

Shares of Celsius stock traded down $1.12 during mid-day trading on Thursday, reaching $28.89. 5,741,119 shares of the stock traded hands, compared to its average volume of 5,942,180. Celsius has a fifty-two week low of $27.78 and a fifty-two week high of $99.62. The stock has a market capitalization of $6.73 billion, a PE ratio of 29.52, a PEG ratio of 2.43 and a beta of 1.86. The business has a 50-day moving average of $32.34 and a 200 day moving average of $51.49.

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

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred 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 owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. S.A. Mason LLC bought a new position in Celsius in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Celsius during the 3rd quarter worth $34,000. Signaturefd LLC grew its stake in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. 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.