Piper Sandler Lowers Celsius (NASDAQ:CELH) Price Target to $33.00

Celsius (NASDAQ:CELH) had its price objective lowered by Piper Sandler from $47.00 to $33.00 in a research report report published on Thursday morning, Marketbeat Ratings reports. Piper Sandler currently has an overweight rating on the stock.

CELH has been the topic of a number of other reports. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $29.00 in a research report on Wednesday. B. Riley reduced their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Celsius in a report on Monday, January 6th. LADENBURG THALM/SH SH reduced their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $25.04 on Thursday. The firm has a market capitalization of $5.89 billion, a PE ratio of 34.78, a P/E/G ratio of 2.95 and a beta of 1.79. Celsius has a 12 month low of $24.55 and a 12 month high of $99.62. The business has a 50-day moving average of $28.05 and a two-hundred day moving average of $34.20.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in CELH. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after buying an additional 630 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the third quarter worth about $34,000. Signaturefd LLC lifted its holdings in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in Celsius in the third quarter valued at approximately $39,000. 60.95% of the stock is currently owned by 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.