Celsius (NASDAQ:CELH) Hits New 1-Year Low at $30.58

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $30.58 and last traded at $30.96, with a volume of 2190441 shares traded. The stock had previously closed at $31.36.

Analysts Set New Price Targets

CELH has been the topic of several analyst reports. TD Cowen decreased their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Bank of America cut their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a report on Tuesday, August 20th. UBS Group cut their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Celsius Stock Up 0.2 %

The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85. The business has a 50-day moving average price of $38.10 and a 200-day moving average price of $61.12.

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

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius 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 sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares during the period. Capital International Investors boosted its stake in Celsius by 50.6% in the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after purchasing an additional 1,333,217 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares during the last quarter. Wellington Management Group LLP increased its position in Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after acquiring an additional 2,306,598 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Celsius by 36.7% during the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after purchasing an additional 790,014 shares during the last quarter. Institutional investors and hedge funds 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.