Celsius (NASDAQ:CELH) Price Target Lowered to $45.00 at UBS Group

Celsius (NASDAQ:CELH) had its price target trimmed by UBS Group from $50.00 to $45.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group cut their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. TD Cowen decreased their target price on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley restated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Bank of America lowered their price objective on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Finally, Stifel Nicolaus cut their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Price Performance

NASDAQ CELH traded down $1.11 during trading hours on Thursday, hitting $28.90. The company’s stock had a trading volume of 7,759,373 shares, compared to its average volume of 5,951,481. The company has a market cap of $6.74 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. The company’s 50 day simple moving average is $32.34 and its two-hundred day simple moving average is $51.49. Celsius has a 12 month low of $27.78 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, research analysts predict that Celsius will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Celsius

Several hedge funds have recently made changes to their positions in CELH. Vontobel Holding Ltd. boosted its stake in Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after buying an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Celsius during the second quarter worth approximately $20,024,000. LRI Investments LLC acquired a new position in shares of Celsius in the 1st quarter valued at $134,000. Cetera Investment Advisers increased its holdings in shares of Celsius by 189.3% during the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after buying an additional 122,011 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius in the 1st quarter worth $563,000. 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.