Celsius (NASDAQ:CELH) Price Target Cut to $43.00

Celsius (NASDAQ:CELH) had its target price trimmed by Roth Mkm from $45.00 to $43.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on CELH. Piper Sandler reduced their price target on Celsius from $50.00 to $47.00 and set an overweight rating for the company in a research note on Tuesday, September 24th. Morgan Stanley restated an equal weight rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. BNP Paribas began coverage on shares of Celsius in a research note on Monday, June 24th. They issued an outperform rating and a $87.00 price objective for the company. Wedbush cut their price objective on shares of Celsius from $85.00 to $83.00 and set an outperform rating for the company in a report on Wednesday, June 12th. Finally, Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a buy rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $57.29.

Celsius Stock Performance

NASDAQ CELH opened at $32.53 on Friday. The stock has a market cap of $7.58 billion, a PE ratio of 35.75, a P/E/G ratio of 2.45 and a beta of 1.85. The firm has a 50-day moving average of $38.43 and a 200-day moving average of $61.80. Celsius has a 52-week low of $30.86 and a 52-week high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The firm had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same period last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, analysts predict that Celsius will post 0.82 EPS for the current fiscal year.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the business’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 transaction, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celsius

A number of institutional investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius during the first quarter worth $25,000. EverSource Wealth Advisors LLC raised its position in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of Celsius by 1,370.0% during the first quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Celsius during the fourth quarter valued at about $25,000. Finally, Beacon Capital Management LLC bought a new stake in shares of Celsius during the first quarter worth about $40,000. 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.