Celsius (NASDAQ:CELH) Given New $68.00 Price Target at Jefferies Financial Group

Celsius (NASDAQ:CELH) had its price objective reduced by Jefferies Financial Group from $98.00 to $68.00 in a research note issued to investors on Monday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Bank of America reduced their price objective on Celsius from $84.00 to $60.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus reaffirmed a buy rating and set a $65.00 target price on shares of Celsius in a research note on Tuesday, July 9th. Roth Mkm cut their target price on Celsius from $87.00 to $75.00 and set a buy rating on the stock in a research note on Thursday, July 18th. BNP Paribas initiated coverage on Celsius in a research note on Monday, June 24th. They set an outperform rating and a $87.00 target price on the stock. Finally, Truist Financial initiated coverage on Celsius in a research note on Tuesday, June 25th. They set a hold rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $76.51.

Celsius Trading Up 1.7 %

NASDAQ:CELH opened at $46.40 on Monday. The business’s 50-day moving average is $65.59 and its 200 day moving average is $70.14. Celsius has a 12 month low of $44.70 and a 12 month high of $99.62. The company has a market capitalization of $10.81 billion, a P/E ratio of 50.98, a P/E/G ratio of 1.46 and a beta of 1.90.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company had revenue of $355.70 million for the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, research analysts forecast that Celsius will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now owns 25,035,885 shares of the company’s stock, valued at approximately $1,493,891,257.95. The disclosure for this sale can be found here. Insiders sold a total of 1,772,617 shares of company stock worth $107,637,044 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in shares of Celsius during the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Celsius during the 1st quarter valued at $25,000. Tidemark LLC purchased a new stake in shares of Celsius during the 4th quarter valued at $29,000. Heritage Wealth Advisors lifted its holdings in shares of Celsius by 200.0% during the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company’s stock valued at $30,000 after purchasing an additional 368 shares during the last quarter. Finally, S.A. Mason LLC acquired a new position in shares of Celsius in the 2nd quarter valued at $30,000. 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.