Celsius (NASDAQ:CELH) Stock Price Down 1.2% After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH) shares fell 1.2% during mid-day trading on Wednesday after Stifel Nicolaus lowered their price target on the stock from $85.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $52.26 and last traded at $55.17. 2,703,162 shares traded hands during trading, a decline of 46% from the average session volume of 4,998,504 shares. The stock had previously closed at $55.86.

Several other equities analysts have also recently weighed in on the company. Wedbush cut their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. TD Cowen cut their price target on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Roth Mkm cut their price target on Celsius from $96.00 to $87.00 and set a “buy” rating for the company in a report on Monday, June 17th. Stifel Europe raised their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Jefferies Financial Group dropped their target price on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and an average price target of $81.82.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of Celsius stock in a transaction on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock worth $107,920,209 in the last quarter. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of CELH. Vanguard Group Inc. raised its position in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after acquiring an additional 2,567,290 shares in the last quarter. Capital International Investors raised its position in shares of Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after acquiring an additional 1,333,217 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Celsius by 188.8% in the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after acquiring an additional 1,934,400 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Celsius by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock worth $232,365,000 after acquiring an additional 9,054 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Trading Up 1.3 %

The stock has a market capitalization of $13.18 billion, a P/E ratio of 62.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The company has a 50-day moving average price of $75.48 and a 200 day moving average price of $70.08.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. As a group, research analysts expect that Celsius Holdings, Inc. will post 1.07 earnings per share for the current year.

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.