Celsius (NASDAQ:CELH) Price Target Lowered to $38.00 at Roth Mkm

Celsius (NASDAQ:CELH) had its price objective trimmed by Roth Mkm from $40.00 to $38.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

CELH has been the topic of several other research reports. UBS Group lowered their price objective on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. B. Riley decreased their price target on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Piper Sandler reduced their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus cut their target price on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

Celsius Trading Down 2.7 %

Shares of NASDAQ:CELH opened at $30.94 on Monday. The company has a 50 day moving average of $30.05 and a 200-day moving average of $41.17. The firm has a market cap of $7.27 billion, a P/E ratio of 43.00, a P/E/G ratio of 3.44 and a beta of 1.76. Celsius has a twelve month low of $25.23 and a twelve month high of $99.62.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its position in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares during the period. MIG Capital LLC acquired a new stake in Celsius during the third quarter valued at approximately $30,358,000. Bank of New York Mellon Corp grew its stake in shares of Celsius by 36.7% in the 2nd 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 period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after buying an additional 460,227 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

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.