Celsius (NASDAQ:CELH) Trading Down 4.6% After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH)’s share price dropped 4.6% on Wednesday after Morgan Stanley lowered their price target on the stock from $46.00 to $42.00. Morgan Stanley currently has an equal weight rating on the stock. Celsius traded as low as $27.85 and last traded at $27.89. Approximately 3,643,571 shares were traded during trading, a decline of 41% from the average daily volume of 6,190,117 shares. The stock had previously closed at $29.24.

A number of other brokerages have also weighed in on CELH. Truist Financial raised their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. UBS Group decreased their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. B. Riley decreased their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Bank of America dropped their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Finally, Stifel Nicolaus decreased their price target on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus target price of $50.72.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its position in Celsius by 353.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after acquiring an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Celsius in the second quarter valued at $45,000. PrairieView Partners LLC acquired a new stake in Celsius in the 2nd quarter valued at $57,000. Finally, Crewe Advisors LLC bought a new stake in Celsius during the 2nd quarter worth about $63,000. 60.95% of the stock is owned by institutional investors.

Celsius Trading Down 4.3 %

The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 3.44 and a beta of 1.76. The stock’s 50 day moving average price is $30.10 and its 200 day moving average price is $40.47.

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.