Celsius (NASDAQ:CELH) Sets New 52-Week Low – Here’s Why

Shares of Celsius Holdings, Inc. (NASDAQ:CELH) hit a new 52-week low on Tuesday . The company traded as low as $23.51 and last traded at $23.76, with a volume of 7616133 shares trading hands. The stock had previously closed at $24.98.

Analysts Set New Price Targets

A number of research firms recently commented on CELH. Jefferies Financial Group decreased their target price on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Tuesday, January 28th. B. Riley decreased their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, TD Cowen lowered shares of Celsius from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Celsius Stock Down 2.1 %

The firm has a 50-day moving average price of $27.55 and a two-hundred day moving average price of $32.20. The firm has a market cap of $5.27 billion, a PE ratio of 31.15, a P/E/G ratio of 2.77 and a beta of 1.78.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

Several large investors have recently bought and sold shares of the business. Algert Global LLC purchased a new stake in shares of Celsius in the second quarter valued at approximately $209,000. Creative Planning grew its holdings in Celsius by 48.8% in the 2nd quarter. Creative Planning now owns 21,494 shares of the company’s stock valued at $1,227,000 after buying an additional 7,051 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Celsius by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after acquiring an additional 289 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Celsius during the 2nd quarter worth $695,000. Finally, Objectivity Squared LLC acquired a new position in shares of Celsius during the 3rd quarter valued at about $231,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.