Celsius (NASDAQ:CELH) Reaches New 12-Month Low – What’s Next?

Celsius Holdings, Inc. (NASDAQ:CELH)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $25.23 and last traded at $25.63, with a volume of 1122309 shares. The stock had previously closed at $25.66.

Analysts Set New Price Targets

CELH has been the subject of several recent research reports. Roth Mkm cut their price target on Celsius from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 7th. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. UBS Group dropped their price target on shares of Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Piper Sandler decreased their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Trading Down 0.7 %

The stock has a market capitalization of $5.99 billion, a PE ratio of 35.69, a PEG ratio of 2.95 and a beta of 1.86. The firm’s 50-day moving average price is $31.41 and its 200-day moving average price is $49.31.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value 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 approximately $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in CELH. Geode Capital Management LLC lifted its stake in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock worth $93,928,000 after acquiring an additional 104,896 shares during the last quarter. M&T Bank Corp increased its position in shares of Celsius by 49.3% during the third quarter. M&T Bank Corp now owns 30,765 shares of the company’s stock worth $965,000 after acquiring an additional 10,159 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Celsius during the third quarter valued at approximately $301,000. XTX Topco Ltd boosted its holdings in shares of Celsius by 119.8% in the third quarter. XTX Topco Ltd now owns 21,431 shares of the company’s stock valued at $672,000 after purchasing an additional 11,681 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in Celsius in the third quarter worth approximately $2,772,000. 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.