UBS Group Issues Pessimistic Forecast for Celsius (NASDAQ:CELH) Stock Price

Celsius (NASDAQ:CELH) had its price target dropped by research analysts at UBS Group from $45.00 to $39.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 43.22% from the company’s current price.

Several other equities analysts have also recently commented on the company. Roth Mkm reduced their target price on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Monday, January 6th. B. Riley reduced their target price on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Morgan Stanley restated an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

Celsius Trading Down 1.3 %

Celsius stock opened at $27.23 on Thursday. The stock has a market cap of $6.40 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. The stock has a 50 day moving average of $28.09 and a 200-day moving average of $35.00. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Celsius during the third quarter valued at $34,000. Signaturefd LLC boosted its stake in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after buying an additional 505 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after buying an additional 630 shares in the last quarter. Finally, Activest Wealth Management bought a new position in Celsius during the third quarter valued at about $39,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.