TD Cowen Trims Celsius (NASDAQ:CELH) Target Price to $50.00

Celsius (NASDAQ:CELH) had its target price cut by TD Cowen from $68.00 to $50.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

CELH has been the topic of several other research reports. B. Riley dropped their target price on shares of Celsius from $80.00 to $73.00 and set a buy rating on the stock in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Celsius from $98.00 to $68.00 and set a buy rating on the stock in a report on Monday, July 22nd. Morgan Stanley dropped their target price on shares of Celsius from $68.00 to $50.00 and set an equal weight rating on the stock in a report on Wednesday. UBS Group decreased their price target on shares of Celsius from $70.00 to $64.00 and set a buy rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $65.00 price target on shares of Celsius in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $64.79.

Celsius Stock Performance

Shares of NASDAQ:CELH traded down $1.51 during mid-day trading on Wednesday, reaching $38.08. 6,375,326 shares of the company’s stock were exchanged, compared to its average volume of 5,247,784. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 41.85, a PEG ratio of 1.38 and a beta of 1.90. The business’s fifty day moving average price is $55.44 and its 200-day moving average price is $68.99. Celsius has a twelve month low of $36.17 and a twelve month high of $99.62.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. Celsius’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. Analysts predict that Celsius will post 1.05 EPS for the current fiscal year.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 40,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Celsius news, Director Hal Kravitz sold 16,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now directly owns 226,245 shares of the company’s stock, valued at $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Celsius by 0.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock worth $2,291,000 after purchasing an additional 181 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Celsius by 1.1% in the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after acquiring an additional 215 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Celsius by 4.3% in the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares during the last quarter. 60.95% of the stock is 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.