LADENBURG THALM/SH SH Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target dropped by analysts at LADENBURG THALM/SH SH from $62.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price target suggests a potential upside of 65.95% from the stock’s current price.

Several other equities analysts have also issued reports on CELH. TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $38.00 price target on shares of Celsius in a research report on Friday, February 21st. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. B. Riley restated a “buy” rating and set a $49.00 target price (up from $44.00) on shares of Celsius in a report on Friday, February 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $44.41.

Celsius Stock Up 0.1 %

CELH stock traded up $0.05 during midday trading on Thursday, reaching $34.95. The stock had a trading volume of 2,715,989 shares, compared to its average volume of 7,386,018. Celsius has a twelve month low of $21.10 and a twelve month high of $98.85. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 79.43, a PEG ratio of 2.90 and a beta of 1.90. The business has a fifty day simple moving average of $26.58 and a two-hundred day simple moving average of $28.78.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. On average, equities analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This trade represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after purchasing an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Celsius by 85.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after acquiring an additional 26,801 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Celsius during the 3rd quarter worth approximately $2,772,000. Diversified Trust Co acquired a new stake in shares of Celsius in the 4th quarter valued at $869,000. Finally, Bennett Selby Investments LP raised its stake in Celsius by 392.6% during the fourth quarter. Bennett Selby Investments LP now owns 51,645 shares of the company’s stock worth $1,360,000 after acquiring an additional 41,161 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.