Celsius (NASDAQ:CELH) Price Target Cut to $40.00 by Analysts at Jefferies Financial Group

Celsius (NASDAQ:CELHGet Free Report) had its target price lowered by stock analysts at Jefferies Financial Group from $44.00 to $40.00 in a research note issued on Thursday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 46.04% from the stock’s current price.

Several other research analysts also recently commented on CELH. Roth Mkm cut their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target for the company. Morgan Stanley dropped their price objective on Celsius from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday. Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. started coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average target price of $50.28.

Get Our Latest Stock Report on Celsius

Celsius Trading Up 1.1 %

Shares of NASDAQ CELH opened at $27.39 on Thursday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The stock has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $40.38. Celsius has a 1-year low of $25.23 and a 1-year high of $99.62.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in shares of Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares during the period. MIG Capital LLC bought a new position in shares of Celsius during the third quarter valued at about $30,358,000. Bank of New York Mellon Corp boosted its holdings in shares of Celsius by 36.7% during the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after purchasing an additional 790,014 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Celsius by 86.9% in the second quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

About Celsius

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Celsius (NASDAQ:CELH)

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