Celsius (NASDAQ:CELH) Price Target Cut to $68.00

Celsius (NASDAQ:CELH) had its target price dropped by stock analysts at LADENBURG THALM/SH SH from $72.00 to $68.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 112.50% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Truist Financial raised their price objective on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. BNP Paribas initiated coverage on Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Maxim Group cut their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Stifel Nicolaus decreased their price target on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Celsius Trading Down 5.5 %

Shares of NASDAQ:CELH traded down $1.85 during trading on Monday, hitting $32.00. 5,207,588 shares of the stock were exchanged, compared to its average volume of 5,789,174. Celsius has a 12-month low of $28.20 and a 12-month high of $99.62. The company has a market cap of $7.46 billion, a PE ratio of 35.16, a P/E/G ratio of 2.29 and a beta of 1.84. The company has a fifty day moving average price of $34.75 and a two-hundred day moving average price of $55.72.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. Celsius’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Equities research analysts anticipate that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Celsius by 80.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 436,849 shares of the company’s stock valued at $23,817,000 after buying an additional 195,167 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Celsius by 172.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 7,301 shares of the company’s stock valued at $398,000 after purchasing an additional 4,618 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Celsius by 201.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,079 shares of the company’s stock valued at $877,000 after purchasing an additional 10,748 shares during the period. GAMMA Investing LLC lifted its position in shares of Celsius by 62.5% during the first quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock worth $57,000 after purchasing an additional 265 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Celsius in the first quarter valued at $1,478,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.