Celsius (NASDAQ:CELH) Price Target Cut to $68.00

Celsius (NASDAQ:CELH) had its price target reduced by stock analysts at LADENBURG THALM/SH SH from $72.00 to $68.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 112.37% from the company’s current price.

Several other equities analysts have also weighed in on CELH. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Roth Mkm cut their price target on shares of Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Piper Sandler decreased their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. UBS Group cut their target price on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Bank of America reduced their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Trading Down 1.4 %

NASDAQ:CELH opened at $32.02 on Monday. The business’s fifty day moving average price is $34.48 and its 200 day moving average price is $55.02. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.29 and a beta of 1.84. Celsius has a 1-year low of $28.20 and a 1-year high of $99.62.

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

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently added to or reduced their stakes in CELH. Goldman Sachs Group Inc. grew its holdings in shares of Celsius by 80.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 436,849 shares of the company’s stock worth $23,817,000 after purchasing an additional 195,167 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Celsius by 172.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,301 shares of the company’s stock valued at $398,000 after buying an additional 4,618 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Celsius by 201.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,079 shares of the company’s stock valued at $877,000 after acquiring an additional 10,748 shares during the period. GAMMA Investing LLC raised its stake in Celsius by 62.5% during the first quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock worth $57,000 after acquiring an additional 265 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Celsius during the first quarter valued at $1,478,000. 60.95% of the stock is 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.