Celsius (NASDAQ:CELH) Price Target Cut to $80.00

Celsius (NASDAQ:CELH) had its price objective trimmed by B. Riley from $110.00 to $80.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Celsius’ Q2 2024 earnings at $0.21 EPS, Q3 2024 earnings at $0.28 EPS, Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.94 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.50 EPS.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Celsius from $104.00 to $98.00 and set a buy rating on the stock in a research note on Thursday, June 13th. Stifel Nicolaus reiterated a buy rating and issued a $65.00 price objective on shares of Celsius in a research note on Tuesday, July 9th. Bank of America cut their price objective on shares of Celsius from $84.00 to $60.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. UBS Group lowered their price target on shares of Celsius from $99.00 to $92.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Finally, Truist Financial initiated coverage on shares of Celsius in a report on Tuesday, June 25th. They set a hold rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $76.51.

Celsius Trading Up 1.7 %

Shares of Celsius stock opened at $46.40 on Monday. Celsius has a 12-month low of $44.70 and a 12-month high of $99.62. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 1.46 and a beta of 1.90. The firm’s 50 day simple moving average is $65.59 and its two-hundred day simple moving average is $70.14.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The business had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. Celsius had a net margin of 18.63% and a return on equity of 111.29%. Celsius’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. On average, sell-side analysts predict that Celsius will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the transaction, the insider now directly owns 25,035,885 shares of the company’s stock, valued at $1,493,891,257.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the sale, the insider now directly owns 23,964,450 shares in the company, valued at $1,429,958,731.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now owns 25,035,885 shares of the company’s stock, valued at $1,493,891,257.95. The disclosure for this sale can be found here. Insiders have sold a total of 1,772,617 shares of company stock valued at $107,637,044 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of hedge funds have recently modified their holdings of the business. Gulf International Bank UK Ltd purchased a new position in Celsius during the fourth quarter worth about $976,000. HB Wealth Management LLC raised its stake in Celsius by 397.2% during the fourth quarter. HB Wealth Management LLC now owns 13,315 shares of the company’s stock worth $726,000 after purchasing an additional 10,637 shares during the period. Salem Investment Counselors Inc. purchased a new position in Celsius during the fourth quarter worth about $33,000. CHURCHILL MANAGEMENT Corp raised its stake in Celsius by 151.0% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 27,991 shares of the company’s stock worth $1,526,000 after purchasing an additional 16,841 shares during the period. Finally, Raymond James & Associates raised its stake in Celsius by 206.3% during the fourth quarter. Raymond James & Associates now owns 222,706 shares of the company’s stock worth $12,142,000 after purchasing an additional 149,989 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.