Celsius (NASDAQ:CELH) PT Lowered to $65.00 at Stifel Nicolaus

Celsius (NASDAQ:CELH) had its price target decreased by Stifel Nicolaus from $85.00 to $65.00 in a report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on CELH. UBS Group lowered their target price on Celsius from $99.00 to $92.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Truist Financial initiated coverage on Celsius in a report on Tuesday. They set a hold rating and a $60.00 target price on the stock. Roth Mkm dropped their target price on Celsius from $96.00 to $87.00 and set a buy rating on the stock in a report on Monday, June 17th. TD Cowen dropped their target price on Celsius from $95.00 to $85.00 and set a buy rating on the stock in a report on Thursday, June 13th. Finally, BNP Paribas initiated coverage on Celsius in a report on Monday, June 24th. They set an outperform rating and a $87.00 target price on the stock. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $81.82.

Celsius Price Performance

Celsius stock opened at $57.09 on Wednesday. The stock’s 50-day moving average is $75.00 and its 200-day moving average is $70.04. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.93. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million for the quarter, compared to the consensus estimate of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Research analysts anticipate that Celsius will post 1.07 EPS for the current year.

Insider Activity

In other news, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now directly owns 201,282 shares in the company, valued at approximately $18,169,726.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder William H. Milmoe sold 428,574 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,964,450 shares in the company, valued at approximately $1,429,958,731.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the transaction, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,776,696 shares of company stock worth $107,920,209. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in Celsius by 123.5% during the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after purchasing an additional 324,049 shares during the period. Brown Advisory Inc. acquired a new position in Celsius during the 4th quarter worth $242,000. Coldstream Capital Management Inc. boosted its position in Celsius by 190.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after acquiring an additional 2,589 shares during the period. Moody National Bank Trust Division acquired a new position in Celsius during the 4th quarter worth $917,000. Finally, Dimensional Fund Advisors LP boosted its position in Celsius by 215.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after acquiring an additional 332,980 shares during the period. Institutional investors and hedge funds 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.