Celsius (NASDAQ:CELH) PT Lowered to $30.00

Celsius (NASDAQ:CELH) had its price objective trimmed by Truist Financial from $45.00 to $30.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

CELH has been the topic of several other reports. Wedbush dropped their target price on shares of Celsius from $85.00 to $83.00 and set an outperform rating on the stock in a report on Wednesday, June 12th. Roth Mkm dropped their price objective on shares of Celsius from $65.00 to $45.00 and set a buy rating on the stock in a research note on Thursday, September 5th. TD Cowen cut their price objective on shares of Celsius from $68.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, August 7th. BNP Paribas initiated coverage on Celsius in a report on Monday, June 24th. They set an outperform rating and a $87.00 target price for the company. Finally, Jefferies Financial Group cut their price target on Celsius from $68.00 to $53.00 and set a buy rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Celsius has an average rating of Moderate Buy and an average price target of $57.64.

Celsius Stock Performance

Celsius stock opened at $33.39 on Friday. Celsius has a fifty-two week low of $31.55 and a fifty-two week high of $99.62. The company has a market capitalization of $7.78 billion, a PE ratio of 36.69, a P/E/G ratio of 2.23 and a beta of 1.85. The company has a 50 day moving average price of $45.15 and a 200-day moving average price of $66.54.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period in the previous year, the company posted $0.17 EPS. Celsius’s revenue was up 23.4% on a year-over-year basis. On average, analysts forecast that Celsius will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Celsius in the second quarter valued at about $2,827,000. Clearbridge Investments LLC purchased a new stake in Celsius in the second quarter valued at approximately $591,000. Cetera Investment Advisers increased its holdings in Celsius by 189.3% in the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after buying an additional 122,011 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Celsius by 269.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,917 shares of the company’s stock worth $566,000 after buying an additional 7,234 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Celsius by 41.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,357 shares of the company’s stock valued at $192,000 after acquiring an additional 983 shares during the period. 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.