Celsius (NASDAQ:CELH) PT Lowered to $60.00 at Bank of America

Celsius (NASDAQ:CELH) had its target price lowered by Bank of America from $84.00 to $60.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on CELH. UBS Group dropped their price objective on shares of Celsius from $99.00 to $92.00 and set a buy rating for the company in a report on Wednesday, May 8th. TD Cowen dropped their price objective on shares of Celsius from $95.00 to $85.00 and set a buy rating for the company in a report on Thursday, June 13th. Truist Financial initiated coverage on shares of Celsius in a report on Tuesday, June 25th. They issued a hold rating and a $60.00 price objective for the company. Maxim Group dropped their price objective on shares of Celsius from $110.00 to $90.00 and set a buy rating for the company in a report on Tuesday, June 18th. Finally, Jefferies Financial Group lowered their price target on shares of Celsius from $104.00 to $98.00 and set a buy rating for the company in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $80.22.

Celsius Stock Up 0.6 %

Shares of Celsius stock opened at $58.90 on Wednesday. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 1.65 and a beta of 1.90. Celsius has a 12-month low of $45.03 and a 12-month high of $99.62. The firm’s 50-day moving average price is $71.94 and its two-hundred day moving average price is $70.54.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, sell-side analysts expect that Celsius will post 1.07 earnings per share for the current year.

Insider Transactions at Celsius

In other news, insider Paul H. Storey sold 1,833 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total transaction of $138,263.19. Following the completion of the sale, the insider now owns 41,044 shares of the company’s stock, valued at approximately $3,095,948.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction 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 this hyperlink. Also, insider Paul H. Storey sold 1,833 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $75.43, for a total value of $138,263.19. Following the transaction, the insider now owns 41,044 shares in the company, valued at $3,095,948.92. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock valued at $107,920,209 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of CELH. Toroso Investments LLC raised its stake in shares of Celsius by 224.6% during the 3rd quarter. Toroso Investments LLC now owns 5,444 shares of the company’s stock worth $934,000 after purchasing an additional 3,767 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Celsius by 41.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,299 shares of the company’s stock worth $2,797,000 after purchasing an additional 4,771 shares during the period. Vanguard Group Inc. raised its stake in shares of Celsius by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,846,599 shares of the company’s stock worth $831,676,000 after purchasing an additional 762,087 shares during the period. DNB Asset Management AS bought a new stake in shares of Celsius during the 4th quarter worth $1,240,000. Finally, Harbour Capital Advisors LLC bought a new stake in Celsius in the 4th quarter valued at about $513,000. 60.95% of the stock is currently owned by institutional investors.

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.