Celsius (NASDAQ:CELH) Price Target Cut to $90.00 by Analysts at Maxim Group

Celsius (NASDAQ:CELH) had its target price decreased by Maxim Group from $110.00 to $90.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Maxim Group currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on CELH. Morgan Stanley decreased their price objective on Celsius from $75.00 to $68.00 and set an equal weight rating for the company in a report on Wednesday, June 12th. Roth Mkm decreased their price objective on Celsius from $96.00 to $87.00 and set a buy rating for the company in a report on Monday. UBS Group decreased their price objective on Celsius from $99.00 to $92.00 and set a buy rating for the company in a report on Wednesday, May 8th. Stifel Nicolaus reduced their target price on Celsius from $95.00 to $85.00 and set a buy rating for the company in a report on Wednesday, June 12th. Finally, Piper Sandler lifted their target price on Celsius from $76.00 to $90.00 and gave the company an overweight rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $84.64.

Celsius Price Performance

Shares of Celsius stock opened at $63.28 on Tuesday. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The firm has a market cap of $14.75 billion, a PE ratio of 69.54, a P/E/G ratio of 1.69 and a beta of 1.93. The stock has a fifty day moving average price of $77.53 and a 200-day moving average price of $69.85.

Celsius (NASDAQ:CELH) last announced 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 during the quarter, compared to analyst estimates of $390.37 million. During the same quarter last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. As a group, equities analysts anticipate that Celsius will post 1.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares during the last quarter. Brown Advisory Inc. bought a new stake in Celsius in the fourth quarter valued at approximately $242,000. Coldstream Capital Management Inc. lifted its position in Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock valued at $215,000 after purchasing an additional 2,589 shares during the last quarter. Moody National Bank Trust Division bought a new stake in Celsius in the fourth quarter valued at approximately $917,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Celsius by 215.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after buying an additional 332,980 shares during the period. 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.