Celsius (NASDAQ:CELH) Hits New 1-Year Low on Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price hit a new 52-week low during mid-day trading on Monday after Stifel Nicolaus lowered their price target on the stock from $45.00 to $37.00. Stifel Nicolaus currently has a buy rating on the stock. Celsius traded as low as $21.45 and last traded at $21.68, with a volume of 1266819 shares traded. The stock had previously closed at $22.41.

Several other equities research analysts also recently commented on CELH. B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Truist Financial boosted their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Tuesday, January 28th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Finally, LADENBURG THALM/SH SH reduced their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.56.

Insider Activity

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of hedge funds have recently added to or reduced their stakes in CELH. Assenagon Asset Management S.A. increased its holdings in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares in the last quarter. Signaturefd LLC lifted its position 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. Louisiana State Employees Retirement System grew its position in Celsius by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. increased its holdings in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the last quarter. Finally, Apriem Advisors lifted its position in shares of Celsius by 3.0% during the fourth quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after purchasing an additional 525 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Down 3.3 %

The stock has a market cap of $5.10 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. The firm’s 50 day simple moving average is $27.18 and its two-hundred day simple moving average is $31.67.

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.