Celsius (NASDAQ:CELH) Hits New 12-Month Low After Analyst Downgrade

Celsius Holdings, Inc. (NASDAQ:CELH) shares hit a new 52-week low on Thursday after Piper Sandler lowered their price target on the stock from $47.00 to $33.00. Piper Sandler currently has an overweight rating on the stock. Celsius traded as low as $25.12 and last traded at $24.71, with a volume of 167086 shares. The stock had previously closed at $25.35.

Several other analysts have also recently issued reports on CELH. B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $29.00 in a research report on Wednesday. LADENBURG THALM/SH SH lowered their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Stifel Nicolaus reduced their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price target on shares of Celsius in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Insider Activity

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

Institutional Trading of Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in CELH. State Street Corp raised its stake in shares of Celsius by 3.2% during the third quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Geode Capital Management LLC grew its position in Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after buying an additional 104,896 shares during the last quarter. SG Americas Securities LLC increased its stake in Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares during the period. Charles Schwab Investment Management Inc. raised its position in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after buying an additional 221,833 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Celsius by 993.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after acquiring an additional 1,072,859 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Down 0.5 %

The firm has a market cap of $5.93 billion, a PE ratio of 35.01, a P/E/G ratio of 2.95 and a beta of 1.79. The company’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $34.20.

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.