Celsius (NASDAQ:CELH) PT Lowered to $85.00

Celsius (NASDAQ:CELH) had its target price lowered by Stifel Nicolaus from $95.00 to $85.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Maxim Group upped their price objective on Celsius from $100.00 to $110.00 and gave the company a buy rating in a research note on Monday, April 1st. Stifel Europe upped their price target on Celsius from $90.00 to $95.00 and gave the company a buy rating in a research report on Monday, March 18th. Bank of America downgraded Celsius from a buy rating to a neutral rating and set a $65.00 price objective for the company. in a research report on Friday, January 19th. Jefferies Financial Group increased their target price on shares of Celsius from $98.00 to $105.00 and gave the company a buy rating in a research report on Monday, March 18th. Finally, Piper Sandler raised their price target on shares of Celsius from $76.00 to $90.00 and gave the stock an overweight rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $85.45.

Celsius Price Performance

CELH stock opened at $75.97 on Thursday. The company has a 50 day simple moving average of $80.79 and a 200 day simple moving average of $65.58. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of 98.24, a P/E/G ratio of 2.22 and a beta of 1.93. Celsius has a 1 year low of $32.99 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. During the same quarter last year, the business posted $0.01 EPS. Celsius’s revenue for the quarter was up 95.2% on a year-over-year basis. On average, equities research analysts anticipate that Celsius will post 1.09 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Jarrod Langhans sold 4,079 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Caroline S. Levy sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total transaction of $1,895,400.00. Following the sale, the director now owns 37,891 shares of the company’s stock, valued at approximately $3,590,930.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,186,215 shares of company stock worth $80,215,119. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Several large investors have recently added to or reduced their stakes in CELH. Cary Street Partners Investment Advisory LLC raised its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Heritage Wealth Advisors bought a new position in Celsius during the 3rd quarter valued at $32,000. Harvest Fund Management Co. Ltd purchased a new position in Celsius during the 3rd quarter worth $36,000. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius in the 1st quarter worth $25,000. Finally, Signaturefd LLC raised its holdings in shares of Celsius by 212.0% in the third quarter. Signaturefd LLC now owns 337 shares of the company’s stock valued at $58,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

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.