Celsius (NASDAQ:CELH) Hits New 12-Month Low – Time to Sell?

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.51 and last traded at $23.76, with a volume of 7616133 shares changing hands. The stock had previously closed at $24.98.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Celsius Price Performance

The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.77 and a beta of 1.78. The stock has a 50-day moving average price of $27.55 and a 200 day moving average price of $32.20.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius in the third quarter valued at approximately $34,000. Signaturefd LLC grew its stake in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares during the period. S.A. Mason LLC increased its holdings in shares of Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares in the last quarter. Activest Wealth Management acquired a new stake in shares of Celsius in the third quarter valued at about $39,000. Finally, Blue Trust Inc. boosted its holdings in Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors 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.