Celsius (NASDAQ:CELH) Sets New 52-Week Low After Analyst Downgrade

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) hit a new 52-week low during trading on Thursday after Piper Sandler lowered their price target on the stock from $47.00 to $33.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $25.12 and last traded at $24.71, with a volume of 167086 shares. The stock had previously closed at $25.35.

CELH has been the subject of a number of other reports. Jefferies Financial Group cut their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Truist Financial lifted their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. JPMorgan Chase & Co. started coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.00.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently modified their holdings of CELH. Dimensional Fund Advisors LP increased its stake 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 valued at $56,531,000 after acquiring an additional 460,227 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. Xponance Inc. increased its stake in Celsius by 7.8% during the 2nd quarter. Xponance Inc. now owns 40,607 shares of the company’s stock worth $2,318,000 after purchasing an additional 2,928 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Celsius by 63.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,026 shares of the company’s stock worth $1,657,000 after purchasing an additional 11,258 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Celsius by 22.8% during the 2nd quarter. Toronto Dominion Bank now owns 17,893 shares of the company’s stock worth $1,022,000 after purchasing an additional 3,326 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Trading Down 1.2 %

The business has a 50 day moving average of $28.05 and a 200-day moving average of $34.20. The firm has a market capitalization of $5.89 billion, a P/E ratio of 34.78, a PEG ratio of 2.95 and a beta of 1.79.

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.