Celsius (NASDAQ:CELH) Price Target Cut to $65.00 by Analysts at UBS Group

Celsius (NASDAQ:CELH) had its price target reduced by UBS Group from $73.00 to $65.00 in a report released on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. Piper Sandler lifted their price objective on Celsius from $60.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Maxim Group increased their target price on shares of Celsius from $50.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Needham & Company LLC boosted their price target on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Royal Bank Of Canada reissued an “outperform” rating on shares of Celsius in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Celsius in a research note on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

Celsius Price Performance

Shares of Celsius stock traded down $3.54 during trading on Friday, hitting $41.52. 23,647,743 shares of the company’s stock traded hands, compared to its average volume of 7,628,433. Celsius has a twelve month low of $21.10 and a twelve month high of $66.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The company has a market cap of $10.71 billion, a PE ratio of 112.22, a PEG ratio of 1.25 and a beta of 1.34. The firm’s fifty day moving average price is $58.50 and its 200 day moving average price is $49.30.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The company had revenue of $725.11 million for the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm’s quarterly revenue was up 172.9% on a year-over-year basis. Analysts forecast that Celsius will post 0.89 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $65.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer directly owned 99,227 shares of the company’s stock, valued at $6,449,755. This represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at $13,827,812.50. This represents a 15.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,500 shares of company stock valued at $3,581,975 over the last three months. Company insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently bought and sold shares of CELH. Harbor Investment Advisory LLC bought a new stake in shares of Celsius in the 3rd quarter valued at $27,000. Summit Securities Group LLC bought a new position in Celsius in the first quarter valued at $34,000. Hantz Financial Services Inc. increased its position in shares of Celsius by 1,476.0% in the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock valued at $37,000 after acquiring an additional 738 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Celsius by 697.3% during the third quarter. Cullen Frost Bankers Inc. now owns 901 shares of the company’s stock worth $52,000 after acquiring an additional 788 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock valued at $52,000 after purchasing an additional 794 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.